Belgian first division club KV Oostende accrued a loss of €7M in the '15-16 financial year, with the club’s debts mounting to €23.4M ($24.5M), according to Samindra Kunti of INSIDE WORLD FOOTBALL. In comparison, Anderlecht reported a net profit of €1.6M. Oostende is fourth in the Belgian top flight. The club will meet KRC Genk in the semifinals of the Belgian Cup, with the "ultimate aim" of lifting the trophy and gaining a "prized ticket" for the Europa League. In the '14-15 season, KV Oostende made a loss of €4M. The new losses are in "large part" due to Oostende’s drive to "expand and develop the club, with both higher salaries and transfer fees for players." The club’s stadium has also been modernized. Anderlecht, Belgium’s "most decorated club," saw its profits "shrink considerably" from €6.3M in the '14-15 financial year to just €1.6M in '15-16 after missing out on Champions League qualification. The club’s gross revenue did, however, rise from €74M to €85.7M, boosted by the "lucrative outgoing transfers" of Aleksandar Mitrovic and Chancel Mbemba to League Championship side Newcastle United (INSIDE WORLD FOOTBALL, 12/30).
