City saves Vitesse from bankruptcy

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Football News
Eredivisie outfit Vitesse Arnhem have been saved from bankruptcy after the Arnhem city council on Monday agreed a debt restructuring deal.

At a meeting attended by hundreds of supporters, councillors voted 23 to 15 in favour of the deal which cancels the club´s 12million euro debt in return for a 880,000 euro payment.

The council also announced that they will now launch an investigation into the club´s financial affairs over the past five years.

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