ADO Den Haag under scrutiny from KNVB

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There are worrying times ahead for Eredivisie side ADO Den Haag following the club losing one of their main sponsors and the KNVB pressurising them for their financial state.

According to Football Oranje, the club's owner Hui Wang, who owns 98% of the club's shares has been sued by ADO because of the alleged financial mismanagement, with mounting liabilities, unpaid bills.

Kyocera, the teams main sponsor, who also own the naming rights to the club's stadium has pulled out of their funding and the league has issued a €10,000 fine, in the wake of the recent issues.

The club has missed numerous deadlines to submit its annual accounts despite been given an extension by the KNVB and according to Dutch website AD, the league committee has 'warned that further penalties would follow if the club cannot present a coherent and consistent plan for its recovery within six weeks.'

The Dutch club reportedly want Wang to step down from his role on the board and demanded that he and the rest of the shareholders start owning up to their responsibilities to keep the club afloat.

ADO could find themselves in a similar situation as domestic rivals FC Twente that were threatened to have their license revoked by the league.

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