- Associated Press - Wednesday, March 4, 2015

AMSTERDAM (AP) - The Dutch football association has docked FC Twente three points for missing targets to reform its finances, a further blow for the former league champions who are also struggling on the field this season.

The sanction leaves Twente ninth in the league with 32 points from 25 matches, half the total of league leader PSV Eindhoven.

Twente chairman Aldo van der Laan has called the point deduction “a disaster for the club,” but says he will not appeal. The Dutch association had earlier warned Twente to get its finances in order.

On its website, Twente says it would have to push through further cuts.

New financial director Gerald van den Belt says the reforms “are going to hurt, but we’re convinced they are necessary.”

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