Feyenoord does not need to take out a loan to buy back shares from the Friends of Feyenoord. General Director Dennis te Kloese has clearly distanced himself from earlier reports. According to Te Kloese, Feyenoord has sufficient own funds to meet the agreements made. The buyback of the share package from the Friends of Feyenoord is almost complete. The investor group played a crucial role in the past when the club went through financially difficult times, but a situation has now arisen in which Feyenoord is contractually obliged to take back the shares. In an interview with De Telegraaf, Te Kloese explains that this agreement has been in place for years. ''At a critical moment, the Friends offered their helping hand. I think it's very good to have clear responsibilities and structure within the Feyenoord organization. With the many committees here, there were officially and unofficially many parties involved. And it was not our decision, hè.'' ''There are agreements and a commitment to buy back the shares at a certain financial level of the club in terms of transfer income and Champions League millions. That point has now been reached.'' Te Kloese refers to the strong financial development that Feyenoord has made in recent years. Through successful transfers, participation in the Champions League, and a significantly increased own capital, the club now meets the conditions to dismantle the share construction. ## No loan needed Earlier it was reported that Feyenoord might have to take out a loan from a German bank to buy back part of the shares. Te Kloese explicitly rejects this interpretation. ''The own capital must be at a certain level, there must be enough money and there must be a decent buffer. Feyenoord has that money, it does not need to borrow.''