The Girondins de Bordeaux are more at risk than ever. US investment fund King Street, which owns Bordeaux (L1), announced on Thursday 22 April that it “does not intend to finance the current and future needs” of the Girondins, which are 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) Mediapro withdrawal (from) revenues for French football clubs. caused an unprecedented decline”.
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 Ultramarines, a core group of supporters, have intensified since the end of 2019. The ticket thing. The crisis escalated in the spring of 2020 when a series of “Girondins Leaks” audio recordings from private meetings held between Bordeaux leaders and club subscribers from December 2019 to March 2020 were aired by Ultramarines on social networks. King Street was sole master at Bordeaux when he bought his stake in Joe Dagrosa’s American fund GACP (General American Capital Partners), which 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 takeover plan 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.” They wished King Street “to work in the coming hours towards a healthy and lasting transfer of the club”.
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