Politehnica Iași, facing mounting debts reaching 4 million euros following their relegation from Romania’s Superliga, has officially filed for insolvency as its “last legal option” to continue operations, according to club officials[3][4]. Despite initially entering preventive concordat in December 2024 to reschedule nearly 3 million euros of debt, the club failed to meet its obligations, accumulating further liabilities and ultimately seeking insolvency protection at the Iași Tribunal on July 15, 2025[1][3].
This move follows unsuccessful attempts to accelerate a court review of their preventive concordat plan, which remains legally incompatible with simultaneous insolvency proceedings, complicating the club’s financial restructuring efforts[3]. The club’s precarious economic state contrasts sharply with early optimism expressed by local authorities about an immediate return to the top flight, underscoring the deepening crisis in one of Romania’s traditional football teams[3][4].
The insolvency filing echoes Poli Iași’s past troubles, including a similar insolvency declaration 15 years ago after a prior relegation, raising concerns about the club’s stability and future in Romanian football. How the situation evolves may depend on forthcoming legal rulings and potential financial rescue, with the precedent of Dinamo Bucharest’s four-year road out of insolvency providing cautious hope[2].
This development signals significant challenges not only on the sporting front but also in the financial governance of football clubs in Romania’s lower leagues, highlighting the fragility of even historically established teams.