Bournemouth owners join Wolves in bid to own relegation threatened KV Oostende

As reported by Het Nieuwsblad, the financial situation at KV Oostende looks set to improve. The relegation threatened club had an oustanding debt of €6m, but it appears that their American owners are now willing to stump up €4m themselves and find a deal for the remaining €2m.

It was also recently reported that Wolves Chinese owners Fosun were interested, with the chance to buy the club for as little as €1. Now, according to HNB, Bournemouth’s American owners have also entered the fray. It has been common knowledge in Belgium that Bill Foley, owner of the coastal club, has been looking to add a Belgian side to his portfolio. Charleroi were heavily linked last year, but now it appears that the American has turned his attention to Oostende. This comes as little surprise given the costs to acquire the club seem to be so low.

Oostende’s current American owners have come under heavy scrutiny this season, as the on the pitch performances have faltered and there have been revelations about the lack of payments to third parties from the club. This has been a pattern across the rest of the teams the American group has owned, with many of them having been relegated from their respective leagues.

Oostende could go the same way. The side are currently in the relegation zone, three points from Eupen and safety.

GBeNeFN | Ben Jackson

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