Belgian second-division football club KMSK Deinze, the former club of Indonesia international Marselino Ferdinan and Singapore wonderkid Ilhan Fandi, has been declared bankrupt by a Ghent court, following a series of failed takeovers and financial mismanagement.
The club’s financial troubles began after the departure of Singapore-based investment firm ACA Football Partners. Subsequently, Luxembourg’s ADA Group, led by Doudou Cissé, attempted to rescue the club but failed to meet financial commitments, resulting in missed deadlines, points deductions, and a transfer ban.
As a result, creditors initiated legal action, leading to the court’s declaration of bankruptcy. The court’s statement noted that KMSK…
