May 31, 2024

Taylor Daily Press

Complete News World

Main shareholder KV Oostende regrets ‘misinformation’: ‘It was always constructive’

Main shareholder KV Oostende regrets ‘misinformation’: ‘It was always constructive’

KV Ostend’s major shareholder, Paul Conway, disputes the comments of the interim manager of the coastal club. She added, “We are not responsible for the failure of the negotiations.”

KV Oostende is heading towards bankruptcy after Apex Capital Global withdraws. The coastal team faces a mountain of debt amounting to about 10 million euros.

Werner van Oosterwijk, the interim manager of the second-tier club, pointed the finger at Paul Conway, the American owner and major shareholder, for halting negotiations.

American companies oppose this. “Contrary to these allegations, Paul Conway Companies has always been positive about Apex Capital Global,” the statement read.

“Our customers were in contact with Apex representatives until last night (May 14), and negotiations were progressing well until Apex abruptly ended them.”

“Despite repeated requests from many shareholders, Apex has provided no evidence of funds at all, casting doubt on the seriousness of their intentions.”

“The interim director’s claim that Paul Conway Companies was responsible for the failure of the negotiations is therefore completely untrue.”

“Furthermore, the interim director never planned negotiations between Paul Conway’s companies and other potential investors. It is essential to clarify these points to combat misinformation.”

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