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Wang suspended as chairman of the supervisory board ADO

Wang suspended as chairman of the supervisory board ADO

Photo: ProShots

The Court in Amsterdam has Hui Wang Monday suspended as chairman of the supervisory board. The Chinese may be a member of the supervisory board remain.

Touches Wang the management loses control over the shares that he and his company United Vansen has.

In addition, the Court determined that a study comes to the state of affairs as of 27 January 2015.

ADO sued its Chinese owner because the club is in serious financial trouble. According to the Hague is that mainly because Wang does not meet its financial obligations.

The Hague club, who fears his proflicentie to lose, tried to enforce that there is an independent chairman of the supervisory board is appointed. Wang, in that case control is lost over the shares.

In addition, wild ADO to research by the Chinese policy. It was the club supported by its Dutch supervisory board and by the municipality of The Hague.

Wang denied last week at the hearing that he is a “wanbetaler”. According to the lawyer of the Chinese has been together for 14 million euros in the club into it, but he doesn’t want money to keep throwing into a bottomless pit.

See also:
Lawyer municipality of fear for proflicentie ADO Den Haag

Mismanagement

The hallway to the enterprise chamber is independent of the interlocutory proceedings that ADO has filed against United Vansen, the company of Wang.

The club wants the judge to force the Chinese to his financial obligations to meet. That summary proceedings shall, on 28 december.

United Vansen took the beginning of 2015, 98 percent of the shares of ADO for about 8 million euros of Mark van der Kallen. Since then, there have almost always been problems between the Chinese owner and the club.

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