Additional financial support for PSV

20th June 2011, Comments 0 comments

Eindhoven football club PSV will receive additional financial support in its restructuring process.

The club announced on Monday that two regional companies - ASML and VDL Group - are willing to invest five million euros each in the form of a 10-year subordinated loans. The loans have been granted under the precondition that PSV’s 80-million-euro restructuring goes ahead as planned.

The additional 10 million euros are seen as complimentary to the participation of the city of Eindhoven, main sponsor Philips and a large number of businesses and private citizens. The investments by ASML and VDL Group for the most part come on top of the 75 million euros in new liquidity that had been announced earlier. Part of the amount to be invested by the VDL Group was already included in the programme.

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