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Feb 4, 2013

Brondby shares suspended

Danish club Brondby have had all trading of their shares suspended as the possibility of bankruptcy looms, according to a statement from the Copenhagen Stock Exchange (CSE).

The cash-strapped club are currently facing tough times, lying bottom of Denmark's Superligaen, while also reportedly owing their players 31 million Danish crowns ($5.69 million) in holiday pay.

The CSE's statement, released on Monday morning, said share trading was suspended until further notice and that an announcement from the club was expected.

Potential bankruptcy would mean immediate suspension from the Superligaen for the club. Results to date would stand, with the season's remaining games awarded as 3-0 walkovers to the opposition, according to Danish Football Association rules.

Brondby's current situation represents a significant falling from grace for the club who become the country's first full-time professional side in 1978.

The Copenhagen club have won the national title on ten occasions - the last being in the 2004-5 season - while they have also earned a reputation for producing some of Denmark's finest ever players, including Peter Schmeichel and Michael Laudrup.

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