Servette FC

Servette FC is a Swiss football club, based in Geneva.

Bankruptcy

After a long string of mismanagement by French president Marc Roger - who followed a hire-and-fire policy for players, made financial promises which he broke regularly, and alienated fans and environment with general erratic and increasingly paranoid behaviour, on 4 February 2005 the parent company of the club was declared bankrupt. It had run debts of over 10 million Swiss francs, having not paid the players since the previous September, and consequently the club suffered an exodus of players looking for paying clubs. As a consequence of the bankruptcy the club will be demoted two divisions, a fate already experienced by local rivals Lausanne-Sports in 2003.

Related Topics:
French - Paranoid - 4 February - 2005 - Swiss franc

~ ~ ~ ~ ~ ~ ~ ~ ~ ~