In March 2003, Farum BK was bought by AKP Holding, the holdings company of local businessman Allan K. Pedersen, and in an effort to distance the club from the Brixtofte scandal, Farum BK was re-branded as FC Nordsjælland,[1] named after the North Zealand (Danish: Nordsjælland) region to clarify the club was to represent both the region as well as the town in which the club is based.[2] To reinforce the status as a regional team, a network of local football clubs from the surrounding area was created, consisting of around 66 teams, with the aim to highlight young talent in the region and bring it to national attention via FC Nordsjælland.