The roots of Vitesse's problems are deeply tied to a history of opaque ownership and questionable financial ties. For years, the club was secretly funded by Russian oligarch Roman Abramovich through a complex network of offshore entities, a detail that was long denied and only uncovered through investigations. This shadowy financial backing, amounting to over €117m (£102m/$137m), created a major breach of transparency and licensing rules.
Subsequent ownership attempts only added to the turmoil. A potential takeover by American investor Coley Parry was rejected by the KNVB and his refusal to relinquish shareholding further complicated matters. Despite the late emergence of a local consortium, the "Sterkhouders," who presented a plan to save the club, the KNVB ruled their efforts came too late and were not sufficiently developed or transparent to save the club from the consequences of its past actions.