The Girondins de Bordeaux are more at risk than ever. American investment fund King Street, which owns Bordeaux (L1), announced on Thursday April 22 that it “does not intend to finance the current and future needs” of Girondins, which is placed under the protection of the Bordeaux court. Trade. “A temporary representative has been appointed (who) will be responsible for assisting FC Girondins de Bordeaux in its search for a lasting solution,” the club explained in a press release, “referring to the economic environment related to the Covid-19 pandemic and (the) withdrawal of Mediapro (from) French football clubs. causing an unprecedented fall in revenue”.
The announcement comes against the backdrop of a serious sporting crisis – Bordeaux are 16th in L1 and struggling to stay up – and very strong tensions between President Frédéric Longueube and the supporters’ main group, the Ultramarines, which have intensified since the end of 2019. The ticket thing. The crisis escalated in the spring of 2020 when a series of audio recordings of “Girondins Leaks” from private meetings held between Bordeaux leaders and club subscribers were aired between December 2019 and March 2020 and broadcast by the Ultramarines on social networks. King Street has been the sole master at Bordeaux since he bought his stake in Joe Dagrosa’s American fund GACP (General American Capital Partners), through which he took over the club in 2018, until then owned by M6. Channel.
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The announcement “unfortunately does not come as a big surprise to me”, quickly responded EELV Bordeaux Mayor Pierre Hurmic. “The proposed takeover of the club, which I voted against in 2018 (note: as an opposition municipal councillor), from the start, could not ensure its sustainability. This seems to have been confirmed today.” “A page must be turned,” he said. “Everything must be done to create a solution that ensures the sustainability of this club. All its supporters, partners and supporters must show solidarity and awareness to continue the great sporting adventure of the Girondins de Bordeaux that began 140 years ago.” and wished King Street “the hours of work to arrive at a healthy and lasting transfer of the club”.
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