Insolvency proceedings launched against E Side Property

A Prague court has ordered insolvency proceedings against the company E Side Property which owns the football stadium in Eden, home to the Slavia football club. The bankruptcy order was lodged by the Sokolov city hall on the grounds that E Side Property owes the city a debt of several million crowns which it has proved unable to repay. A representative of the Cyprian firm Kingwater Holdings which is the new owner of E Side Property said the order was unnecessary since Kingwater Holdings was taking steps to repay the debt.