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July 27, 2021

Oltchim could miss Champions League

Despite the fact that it conducted a plethora of transfers in recent months, beefing-up its extended line-up in order to win the Champions League this season, Romanian women’s handball team Oltchim Ramnicu Valcea is at risk of not playing in the groups stage of the Champions League because of the financial situation of the club and of its main sponsor, the Oltchim petrochemical plant which is undergoing privatization. “It’s clear that SC Oltchim can no longer financially support this team. They can no longer earmark funds. Privatization is up next and we don’t know who the new shareholder will be. (…) If the shareholder that comes is not interested in sponsoring the handball team we won’t be able to rely on him,” SC Olthim’s former general manager Constantin Roibu stated. Constantin Roibu stated that the team could leave Ramnicu Valcea. “Instead of the team dying it’s better for it to be moved somewhere else, it’s a solution. I’ve had talks in this regard with Romanian Football Federation President Cristian Gatu. I asked him for Oltchim to be taken over by the Bucharest City Hall which has different funds, different possibilities. Likewise, it has to be said that if an investor wants to take over the club he wouldn’t have to pay anything for it. He can take it over entirely for free, especially if he keeps the team in Ramnicu Valcea,” Roibu stated.Constantin Roibu resigned last week. He was Oltchim’s general manager and member of the Administrative Board for 21 years.

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