Paris Volley faces possible bankruptcy and may not finish first half of season
Nine-time French champion Paris Volley is reportedly on the brink of bankruptcy, with debts estimated at around one million euros and a failed ownership deal leaving its season in doubt.
In brief
- Paris Volley, nine-time French champion, is reportedly on the brink of bankruptcy.
- Debts may reach around one million euros, and the team may not finish the first half of the season.
- A rescue plan involving Aldo Fumagalli and Philippe Peters reportedly failed to produce results by November 13.
Club's finances in deep trouble
Paris Volley, nine-time French champion and 2001 Champions League winner, is reportedly on the brink of bankruptcy. The worst-case scenario is that the team may not complete even the first half of the season (Siatkarski gigant na skraju bankructwa. Może nie dokończyć sezonu – polsatsport.pl).
The club has struggled financially for some time. According to estimates by the French daily L'Equipe, its debts may reach around one million euros. The side from the French capital reportedly raised emergency funds at the last minute to take part in the league, but without a change of ownership its survival through the first round remains uncertain.
Failed rescue plan
Two weeks ago the club proposed a rescue plan involving a three-way agreement with Aldo Fumagalli, owner of Vero Volley, and Philippe Peters, president of the women's side Les Mariannes 92. Talks reportedly produced no result by Friday, November 13, and Fumagalli was reportedly considering withdrawing from the arrangement.
The club's immediate future is therefore unclear.
Sources
- #ParisVolley
- #Bankruptcy
- #Volleyball
- #Ligue
- #AldoFumagalli
- #PhilippePeters
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Paris Volley faces possible bankruptcy and may not finish first half of season
Nine-time French champion Paris Volley is reported to be on the brink of bankruptcy, with debts estimated at around one million euros and a failed ownership de…