Take note – story published 9 years and 3 months ago
Skonto Football Club, the Riga-based team that used to dominate the national soccer scene, was declared insolvent December 5.
Riga City Vidzeme District Court declared Latvian football club Skonto insolvent, newswire LETA learned, with Valdis Levkans appointed as the insolvency administrator.
As reported, in the spring of 2016, Skonto repeatedly sought legal protection in order to sort out its pressing financial problems so that they did not worry the club’s investors. The legal protection procedure was launched in late April.
In February, Skonto was denied a license for participation in the Latvian Higher League Championship,…