The firmness of the executive committee of the French Football Federation (FFF) in the face of the fate of the Girondins de Bordeaux was the final blow. By lining up behind the opinion of the National Directorate of Management Control (DNCG) which last July pronounced the demotion of the club to Regional 1 – the sixth division of French football – the famous Comex forced the new investors of FCGB to throw in the towel.
“ As we have consistently stated throughout the process, our offer was conditional on the club’s participation in the National Championshipswe can read in the document. Consequently, we will not proceed with the proposed transaction », Confirms this Saturday the American investment fund Park Bench, partner of Sparta Capital in the Girondins takeover project.
The almost inevitable liquidation
“ This condition was not arbitraryit is added in today’s press release. It would be extraordinarily difficult for any owner to operate this club in Regional 1 while supporting the existing debt and fully honoring the obligations of the restructuring plan. To continue anyway would have been to make promises we couldn’t be sure to keep – and this club has had enough uncertainty already. »
More than ever, the dreaded liquidation is looming for the Bordeaux club. Such an outcome would mean the dissolution of the commercial company which supports the professional team – or the end of the FCGB as it has always existed. The only alternative to a pure and simple disappearance of the club, a restructuring of the first team at amateur level would then be an option. But without any guarantee of being able to keep the place for the hour reserved in Regional 1.
