South African midfield sensation, Kamohelo Mokotjo's Dutch Eredivisie side, FC Twente were deducted three points by the Dutch football association on Wednesday after failing to get their financial affairs back in order.
It’s the Dutch side's second time that they have failed to reach their targets set by the KNVB, who set out a recovery plan for them as they nearly faced bankruptcy.
The club has now been punished by the KNVB after previous warnings and according to Twente, they will not appeal the decision.
"This is a disgrace for the club. We regret the decision, but will not appeal under formal substantiation. Twente will enter into new discussions with the KNVB over the recovery plan," incoming chairman, Aldo van der Laan said in a statement on the club's website.
Twente coach Alfred Schreuder says the punishment couldn’t have come at a worse time for the club and has confirmed that his players have been informed about the points deduction.
"We know that we are going through a tough financial time with the club but it is very unpleasant to be confronted with this punishment," coach Alfred Schreuder added.
"The players have been informed about the situation. We have to accept it and continue to fight as a team. We owe it to ourselves and certainly to the supporters."
Twente are eighth in the Dutch league standings on 35 points from 25 games and the deduction will now see them drop to ninth.