Van Well was chairman of the Dura Vermeer Group in Zoetermeer for many years.
The man who saved Feyenoord from bankruptcy in 1992 now made some financial errors, which eventually placed the club under special guardianship.
In December 2006 they published their thoughts and came to the conclusion that Van den Herik should leave the club.
Feyenoord surprised everyone in the 2007 summer break when they managed to do some surprise player purchases like Giovanni van Bronckhorst, Roy Makaay and the return of manager Bert van Marwijk.
The media reported that although Van den Herik had left Feyenoord already, he had a big effort in bringing these players to the club.