JS Kabylie Begins Phase Two of Debt Settlement
The management of JS Kabylie announced on Wednesday the start of phase two of its efforts to settle the club's accumulated debts. This is part of the aim to improve the financial situation of the club and enhance its stability.
The "Canaries" management stated in a statement published on its official website that this phase continues the work that began last May. It includes the payment of dues owed to institutions involved in housing, as well as a government insurance company.
JS Kabylie management indicated that the relevant files have been reviewed, and the payment processes are currently under the management's oversight, as part of the financial cleansing efforts initiated by the company.
This step completes the first phase of the process, which resulted in the settlement of several previous debts. Meanwhile, the club's management continues to address outstanding issues, aiming to eliminate increasing financial obligations and strengthen the team's financial stability.
JS Kabylie management reaffirmed its commitment to continue this process until all relevant files are resolved, as part of a policy aimed at ensuring a more stable financial situation for the club.
