FC Twente director Erik Velderman held a press conference on Monday after the club were relegated to the Eerste Divisie.

  • By Michael Bell
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The Tukkers 5-0 defeat at Vitesse Arnhem on Sunday confirmed their relegation, with Twente dropping out of the top flight for the first time since 1984.

Speaking at his press conference, Velderman said, “We want to return to the Eredivisie within a year at any cost. We are licking our wounds, but are already working on an action plan, and we will be laying an egg this week about how we are going to cut costs.”

Velderman confirmed that the club will be working with a budget of €18-20 million which is down 20% from this season. He wouldn’t confirm how many jobs would be going behind the scenes.

A takeover is not in Velderman’s plans, but they do want investors, “We are in talks with financiers, but we also have to talk to KNVB about the intervention of financiers. A broadly supported share capital is better than a takeover, with a premise that holds a strong Twent character.”

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