Article by Daniel Grigore – Published Thursday, March 19, 2026, 12:55 / Updated Thursday, March 19, 2026 12:56
Clubul Oțelul Galati has definitively escaped insolvency, following the sentence announced on Wednesday by the Galati Court of Appeal.
On February 4, The Galati Court ordered the entry into insolvency of the Oțelul Galați club, based on a debt to Stiven Plaza, registered at the club between February and June 2025.
The Super League club paid the 11,250 euros, and on February 13 appealed the decision and succeeded in suspending the procedure of insolvency through an extraordinary remedy, a presidential order, which allows the court “to order provisional measures in urgent cases”, “to prevent imminent and irreparable damage”.
Steel had argued that staying insolvent until the appeal was heard would have prevented it from obtaining the Super League license. This is because he would not have had time to draw up and have a reorganization plan approved, a mandatory condition for insolvent teams applying for a League 1 license. Consequently, at the end of the season he would have been relegated regardless of the position occupied.
Oțelul Galati has definitively escaped insolvency: victory at the Court of Appeal
Starting from Wednesday, March 18, the citizens of Galata breathe a sigh of relief. The Galati Court of Appeal accepted their appeal against the initial insolvency decisionconsidering that the debt to the player Steven Plaza has been paid in the meantime.
“In retrial: Rejects the request made by the creditor Plaza Castillo Stiven Ricardo, to open insolvency proceedings against the debtor Asociația Clubul Sportiv Suporter Club Oțelul, as having no object.
Rejects the request with the object of the provisional suspension of execution formulated until the resolution of the appeal, ca left without object“, it is stated in the resolution of the Appeal.
The club reacted to the court victory: “Through this decision, the legal situation is clarified and the club continues to operate as normal. At this important moment, we look with confidence towards the end of the competitive season, a time when the unity and support of all those who love the Steel matters more than ever.
We stay together, united around the team, to achieve our sports goals proposed for this end of the season”.
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On Tuesday, Oțelul announced its new coach: Croatian Stjepan Tomas (50 years old) took over the team after the resignation of Laszlo Balint.
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Gălățenii occupies the 5th place in the Superleague play-out, having 5 points above the first place in the play-off.
