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Vitesse Arnheim Starts Crowdfunding to Secure the License

Vitesse Arnhem, facing financial crisis and forced relegation from Eredivisie due to point deduction, launches a crowdfunding campaign. Ex-players and fans, including rivals NEC Nijmegen, donate over one million euros. Debt-ridden Vitesse seeks diverse income sources to avoid license revocation. Sponsors and fans rally support through various initiatives as club fights for survival.

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The fans of the Dutch club wanted the campaign, but Vitesse is starting crowdfunding to obtain the license with the slogan “For Yellow-Black”.

Vitesse Arnhem has a lot of debt and will be relegated from the Eredivisie after a point deduction. This threatens the existence of the club, where players like Roy Makaay, the two Union players Robin Gosens and Danilho Doekhi and Leipzig striker Lois Openda made their breakthrough.

At the request of the Vitesse fans, the club has now launched the crowdfunding campaign “For Yellow-Black”, which is intended to generate important income in order to maintain the license.

What is the background?

As reported by oranjefussball on X (formerly Twitter), the campaign that started on Thursday has already raised over one million euros. Among the donors are many prominent ex-Arnhem players such as Leipzig’s Openda, Ajax keeper Remko Pasveer, Vitesse record seller Wilfried Bony and the two former Vitesse trainers Henk ten Cate and Leo Beenhakker. Even fans of rival NEC Nijmegen are said to have donated and called for donations.

According to the portal, Vitesse has debts of over 18 million euros. Because of the financial discrepancies, the club was deducted 18 points in this Eredivisie season, which is tantamount to forced relegation for Vitesse. With just 20 sporting points scored, Arnhem would be in a relegation zone even without any points deduction. After the withdrawal, relegation to the Keuken Kampioen Divisie can no longer be avoided.

Vitesse is now trying to raise money in all possible ways

Many sponsors support Arnheim in its search for income. “It is gratifying to see how the news of the possible license revocation has led to several heartwarming initiatives. The region is turning yellow-black. Entrepreneurs are launching Vitesse products and fans are rallying for the club. We are happy to be part of it to be able to contribute another way with this crowdfunding campaign,” says interim managing director Edwin Reijntjes in the club’s announcement.

Private supporters of the “For Yellow-Black” campaign can either donate directly or secure one of various packages. Among other things, it is possible to be mentioned by name on an exclusive fourth jersey (from a donation of 500 euros). Companies that want to support Vitesse can, in addition to many logo implementations, also secure a place on the jersey or even a meet & greet with Vitesse stars (from 10,000 euros).

What’s next?

It remains to be seen whether the crowdfunding campaign and the many other avenues can generate enough revenue to prevent the license revocation by the Dutch football association KNVB. Player sales could be an additional means, but alongside Paxten Aaronson from Eintracht Frankfurt and Kacper Kozlowski from Brighton & Hove Albion, six other stars are already only on loan.

In terms of sport, Vitesse achieved its first win in seven matchdays last Sunday and will travel to FC Utrecht next Sunday. However, staying in the league can no longer be prevented anyway.

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(Featured image by NoName_13 via Pixabay)

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First published in GOAL. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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J. Frank Sigerson is a business and financial journalist primarily covering crypto, cannabis, crowdfunding, technology, and marketing. He also writes about the movers and shakers in the stock market, especially in biotech, healthcare, mining, and blockchain. In the past, he has shared his thoughts on IT and design, social media, pop culture, food and wine, TV, film, and music. His works have been published in Investing.com, Equities.com, Seeking Alpha, Mogul, Small Cap Network, CNN, Technology.org, among others.