Clipper in million-dollar dispute with former soccer boss

Clipper believes it has been duped out of USD 12.6 million in connection with the acquisition of a shareholding in Danish national soccer arena, Parken, and has claimed damages from its management. Former Chairman of Parken, Flemming Østergaard, struggles to understand the basis for the claim.

Photo: Clipper

Clipper Group probably knows more about ships, freight, and ferries than soccer, holiday destinations and stadium concerts.

At least that is how the privately-held carrier must have felt as it sold its shareholding in Parken Sport & Entertainment, recording losses of DKK 82,978,000, equivalent to more than USD 12.6 million. Clipper Group has since become aware of its own limited knowledge of this field, CFO Flemming Steen explains.

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