Antwerp FC has to pay 10 million euros to the American hedge fund Fasanara on Tuesday, June 30. The money is not there. Paul Gheysens tried to borrow over 100 million euros from another fund, but that has been dragging on for weeks.

What's going on?

Antwerp FC has to take out a loan with a high interest rate and with the club as collateral, which is a dangerous game. The club has recently had a good run, with a last result of Antwerp 2-0 KVC Westerlo (2026-05-23) and a recent form of 2W-2D-1L (WWDDL, most recent first).

How did it come to this?

Paul Gheysens wants to borrow that large sum from Carlyle. However, this involved a thorough examination of the costs and expenses at Antwerp FC. Carlyle saw several pain points emerge and therefore sets additional conditions.

What are the consequences?

If the Great Old cannot pay the 10 million, part of the club will come into the hands of Fasanara, something Paul Gheysens wants to avoid at all costs. That would be a new blow to his image. The situation at Antwerp FC is now: | Date | Event | | --- | --- | | 2026-05-23 | Antwerp 2-0 KVC Westerlo | | 2026-06-29 | Recent form: 2W-2D-1L (WWDDL)