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October 20, 2020

Oltchim asks for government support to avoid financial collapse

Oltchim players have not been paid in almost three months and the club’s officials are asking Premier Victor Ponta to help straighten out the club’s financial situation.
The defeat that Oltchim suffered in the first game in the EHF Champions League’s main groups, at the hands of Ferencvaros, has brought to the surface the serious financial problems that the club faces. Oltchim’s leaders have once again called on Premier Victor Ponta, just as they did at the end of last year, asking him for financial support in order to save the team.
In this context, Ponta is expected to talk with Petrom, Oltchim’s sponsor, in order for the funds earmarked for the handball club to be hiked. Likewise, Bucharest Mayor Sorin Oprescu had promised to help the club with EUR 1 M.
“We are engaged in talks on two fronts, with Petrom and with Oprescu. We have also asked for Victor Ponta’s help and we hope the financial problems will be solved urgently, namely this week, otherwise it could be too late,” an Oltchim official stated for ProSport.
The handball team coached by Denmark’s Jakob Vestergaard lost its first Group 2 game against Ferencvaros, 22-23, and will next play an away game against Krim Ljubljana at the end of this week. The game is decisive for Oltchim’s future. In case of another defeat the club could be dissolved, sources say.

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