In October 2008, Allan K. Pedersen sold FC Nordsjælland from AKP Holding to himself for a reported 500,000 Danish kroner, shortly before his holding company went bankrupt, a price Pedersen, however, denies. Following an investigation from his creditors, it was found that the sale was forced through without the bank's consent, and that the value for which the club was sold was too low, which ultimate reduced the finances the creators received for the sale.