coach Hans Meyer led Twente to third-place in the Eredivisie of 1997 and into the third round of the 1997–98 UEFA Cup the next season. On 24 May 2001, Twente clinched their second triumph in the KNVB Cup after beating PSV in the final after being 3–1 down in the penalty shoot-out. The season after, Twente crashed out of the Cup at the hands of Ajax's second team. Additionally, results in the league were poor, with hardcore Twente fans Ultras Vak-P eventually going on a rampage at the club's brand-new stadium, De Grolsch Veste, out of frustration. From bankruptcy to national champions (2002–2011) The club's mother corporation (FC Twente '65) was declared bankrupt in the 2002–03 season, almost leading to the club's going out of existence. The club, now chaired by ambitious businessman Joop Munsterman, survived such problems and made it to another KNVB Cup final in 2004, and then finished in fourth place in the league table in 2006–07. In the 2007–08 season, Twente placed fourth and won the play-offs for a ticket to the Champions League qualifiers by defeating Ajax in the play-off finals. In the 2008–09 season, Twente hired former England manager Steve McClaren as its new head coach. Under his tenure, unseeded Twente entered the draw for the third qualifying round of the Champions League, being drawn against seeded Arsenal. The two legs were played at home on 13 August and away on 27 August 2008. Twente lost 6–0 on aggregate, resulting in their elimination from the Champions League and subsequent entry of the 2008–09 UEFA Cup first round. At the domestic level, Twente finished second in the Eredivisie, 11 points behind champions AZ, and again secured entry to the Champions League qualifying rounds as Dutch runners-up, as well as KNVB Cup finalists (defeated by Heerenveen). The 2009–10 season started with Twente being knocked out of the 2009–10 UEFA Champions League third qualifying round after a 1–1 aggregate draw against Sporting CP, which sent the Portuguese side through on away goals. The club was then admitted to the Europa League, where it enjoyed a relatively successful path that ended in a 4–2 aggregate defeat at the hands of Werder Bremen in the round of 32. At the domestic level, Twente won its first Eredivisie title at the end of a campaign in which they lost just twice, winning 16 of 17 at home. The championship was