Local News

Fukuoka’s Soccer Team Avispa Receives Critical Funding

Sources have revealed that Tokyo-based systems developer SystemSoft has agreed to give ¥100 million in funding to the struggling J2 soccer club Avispa Fukuoka. The cash infusion is expected to be approved at Avispa’s board meeting before being finalized at the September shareholders meeting, thus making SystemSoft the team’s biggest shareholder. SystemSoft, which was founded in Fukuoka in 1979 and maintains an office here, made the offer in response to the team’s request for funding, and joins 87 other sponsors including Fukuoka City and the current top shareholder, Coca Cola West. The new funds will save the team from losing its license. League rules stipulate that J1 and J2 teams lose their licenses if their net worth remains negative for three consecutive fiscal years.Source: Nishinippon Shimbun 8/23

AVIPSA
©avispa fukuoka

Category
Sports
Published: Aug 26, 2014 / Last Updated: Apr 1, 2016

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