Clubul sportiv CFR Cluj a intrat oficial în insolvență

The Cluj Specialized Tribunal has approved the insolvency procedure for CFR 1907 Cluj, initiated to ensure financial recovery. The club aims to maintain sports activities and meet creditor obligations through a sustainable reorganization plan. This decision comes amid significant financial challenges and administrative changes. The appointed provisional administrator will manage the process and must report on the insolvency causes within 40 days. The club must secure a reorganization plan approval by December 31 to retain its Superliga license.