The Portuguese club was placed in a Special Revitalization Process by the Vila Nova Commercial Court, the equivalent of French judicial recovery.
After Royal Mouscron, Lille and Bordeaux, it is now Boavista which is in the red. And more than that. The 14th in the Portuguese championship announced this Tuesday in a press release that they were on the edge of the precipice. What do you have in common with the other teams previously mentioned? A man, Gérard Lopez, at the head of the Portuguese club.
“The Commercial Court of Vila Nova de Gaia has ordered a Special Revitalization Process (PER), which now follows legal procedures and which will be developed over the coming months. The truth is that, without the adoption of rigorous and exceptional measures, the only alternative will be to file an insolvency request, which would lead to the inevitable liquidation of the club, thus frustrating everyone’s legitimate expectations and the recovery of credits. by creditors”explains Boavista in a press release.
Special Revitalization Process
And to add: “The Portuguese club is aware that the “economic and financial deterioration” is “indisputable”. It was “aggravated by an almost daily burden of executive procedures and consequent seizures by creditors”. The board of directors of Boavista realized that it had no other choice but to present a Special Revitalization Process”.
As a reminder, the club has been in the midst of a financial and institutional crisis for several years. Boavista was also banned from recruiting during the last transfer window.
