Second tier KMSK Deinze in financial trouble as main investors struggle to make payments

KMSK Deinze appear to be in trouble. The Belgian second tier side released a statement a few days ago concerning their financial situation, with main shareholder ACA Football Partners facing ‘significant financial challenges‘, which has led to delay in payments. While players and staff are still receiving wages, it is other clubs and suppliers that have seen a delay in their payments.

Clearly, this is concerning for the club and its fans. On the pitch, they have started the season reasonably well under Hernan Losada and sit in fourth place. But the off the pitch issues cannot be ignored. Belgian football has seen plenty of clubs run into financial difficulty and then cease to exist. Just last season, Oostende ended up having to merge and drop down a few divisions to remain as a club.

The club plans to find new investment to keep things going, but in a league like the Belgian second tier that is not easy. Given that it is not the most popular of leagues, even a club with history like Oostende struggled to find buyers that could save them in time.

Hopefully a solution will be found soon, so that Deinze don’t become another Belgian football club to disappear.

GBeNeFN | Ben Jackson

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