By Jaroslaw Adamowski
April 9 – The failure of Hungarian financial services group Quaestor has pushed top division club Gyori ETO FC out of their stadium, into bankruptcy and almost out of the league.
Shortly after the National Bank of Hungary suspended the operating licence of Quaestor due to financial irregulatrities, Gyori ETO FC stadium was taken over by the Hungarian police as part of an operation to seize the group’s assets.
While the club and its stadium are owned by the bankrupt group, the Hungarian government has issued a decree in the country’s official gazette which states that they are both subject to “different liquidation procedures from conventional companies.”
As a result, the side was allowed to continue competing in the Hungarian top tier, the OTP Bank Liga. The club is currently ranked 9th out of the 16 teams which compete in the division.
In 2001 Quaestor took over the Gyor-based side and its stadoum, which has a total capacity of 15,600. Since its acquisition by the financial group, the club won the Hungarian championship in 2013, and secured two Cups of Hungary in 2009 and 2013, as well as the Super Cup of Hungary in 2013.
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