In a letter to the chairman of Verbroedering Geel, Herman Verkest, Wadi Degla Investments in the name of Leo Theyskens and Maged Samy have let it be known that the collaboration with Geel is off.

According to the Board of Verbroedering Geel there is currently no value in a collaboration and the situation within Verbroedering Geel is too precarious to take risks.
If Geel is ready to offer again sufficient support, Wadi Degla is prepared to sit round the table again after next season.
Wadi Degla wishes Verbroerdering Geel every success in the venture.