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Canada Soccer may need to explore bankruptcy as financial struggles mount

Jun 27, 2023

Canada Soccer interim general secretary Jason de Vos said that the organization may have to explore bankruptcy, citing a severe lack of revenue that may impede both national teams from competing during international windows later this fall, during an interview with TSN’s Rick Westhead.

The women’s national team is scheduled for next month’s World Cup, with its first game versus Nigeria on July 21, while the men’s national team co-hosts the CONCACAF Gold Cup with the United States, with its opening game against Guatemala on June 27. The women’s national team is also slated to play two games each during the Sept. 18-26, Oct. 23-31 and Nov. 27-Dec 5 international breaks.

“We are in a real struggle. It’s not imminent, but we need to explore what bankruptcy entails and how it might affect our organization,” de Vos told Westhead. “We don’t have enough revenue coming in for the programs that need to be run, and that includes everything from grassroots coach education and referee development to youth national teams and our senior men’s and women’s teams.”

Source: Yahoo Sports

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