7 April, 2025
​
​
Communication of John Textor affirming Financial Strength of RWDM
Following recent speculation shared by certain media outlets, we would like to provide factual clarifications and set the record straight regarding the annual license renewal of RWDM.
RWDM has submitted its annual license application to the RBFA, accompanied by a favorable opinion of its statutory auditor, as supported by robust financial guarantees from RWDM‘s ultimate parent company, Eagle Football Holdings Limited.
The RBFA Licensing Commission has clearly responded to questions from French and Belgian journalists, emphasizing that, without referring specifically to the RWDM case, the summoning of a club in no way implies that it will be denied a license. This point was explicitly clarified and leaves no room for misinterpretation.
Unfortunately, this situation once again highlights the unjustified targeting, by certain French football organizations, of the project supported by EFG, inappropriately recruiting journalists to publish false and misleading stories regarding EFG’s impressive multi-community football project.
We would like to factually remind everyone that RWDM has received its license every year since its promotion to the Pro League, and that the current situation is strictly identical to that of the past three seasons — none of which triggered this kind of media uproar at the time.
In our ongoing commitment to transparency and rigor, we specify that RWDM, like eight other Belgian clubs, was summoned by the Licensing Commission with similar requests for clarification. It was, however, only RWDM that saw routine licensing inquiries mischaracterized as problematic.
After receiving a favorable initial review, RWDM is currently required to respond to only two very specific questions:
1) "Please provide a sworn statement from the competent administrative body of Eagle Football Holdings Bidco Limited certifying that these funds originate from the assets of the legal entity, that they have not been made available to it by a third party (legal entity, financial institution, or any other natural person), and that it is free to dispose of them. The competent administrative body must also declare that it has no other interest in any other Belgian professional football club."
Regarding this question, we can confirm that the sizable cash balance, shown on Eagle's balance sheet, is assuredly Eagle's cash and is available to our business and subsidiaries.
2) "Please submit all documents on which your statutory auditor based their assessment of the comfort letter provided by Eagle Football Holdings Bidco Limited."
Regarding the second question, please find below the translated English comments from the "independent and impartial auditor", confirming the validity of the comfort letter submitted to our federal football authorities.
Translation in English:
AUDITOR'S STATEMENT REGARDING THE FINANCIAL CAPACITY OF EAGLE FOOTBALL HOLDINGS, LLC
In accordance with the application form for obtaining the "Professional Football License for the 2025-2026 Season", the undersigned was appointed by the board of directors as statutory auditor of the company and was requested to provide a confirmation regarding the financial capacity of the company EAGLE FOOTBALL HOLDINGS, LLC in order to validate the quality of the provided letter of support ("comfort letter").
We have performed this engagement in accordance with the applicable international standards on agreed-upon procedures ("ISRS 4400 – Engagements to Perform Agreed-Upon Procedures Regarding Financial Information").
Scope of the Engagement
In the context of the application form for obtaining the "Professional Football License for the 2025-2026 Season" concerning wages, the following specific procedures were carried out in accordance with IBR guideline 2012/01:
1. An inquiry with the financial advisors of EAGLE FOOTBALL HOLDINGS, LLC.
2. An assessment of the financial data of EAGLE FOOTBALL HOLDINGS, LLC, particularly regarding the liquidity and solvency of the aforementioned company.
3. An inquiry into the net asset value of the UBOs of EAGLE FOOTBALL HOLDINGS, LLC.
Conclusion of the Engagement
Our review has not revealed any elements indicating that the financial capacity of EAGLE FOOTBALL HOLDINGS, LLC and its UBOs is insufficient to meet the commitments stated in the provided letter of support ("comfort letter") issued to the RWDM group.
------------------
We also refute the baseless rumors, propagated by principally by parties in France, about the strength of our organization, as well as the unverified insinuations related to the transfer of Ernest Nuamah, which occurred more than a year ago. As has been true for more than 8 months, there are absolutely no ongoing inquiries related to Mr. Nuamah’s recruitment, and he remains a valued member of our Eagle Football family.
RWDM remains focused on its sporting and structural goals, with the sole ambition of building a lasting legacy for the club, in full compliance with regulations and with the utmost transparency.
​
We hope this provides clear answers to all legitimate questions and removes any ambiguity, regarding the obvious financial strength and support of RWDM. As it relates to RWDM, the Belgian authorities are perfectly capable of administering licensing in Belgian football, without any need of interference by conflicted parties in France.