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Acquisition of Béziers: the League should say no to the UAE project

2020-07-14T05:00:40.118Z


The French rugby financial policeman, the DNACG, doubts more and more the financial solidity of the Emirati buyer represented by Christophe Dominici. And will certainly fail the investor this week.


New, and undoubtedly ultimate, rebound in the long soap opera of the recovery of the club of Béziers, resident of Pro D2. The two weeks of radio silence, after the media uproar, did not bode well. The financial gendarme of the National Rugby League (LNR) had only come forward to be surprised at the slowness with which the official documents reached him from the buyer of the Emirates. The DNACG has since received some on July 4. However, the file is still incomplete and there are many reasons to doubt the viability of the offer.

Tired, the DNACG issued an ultimatum to the investor represented by the former XV wing of France Christophe Dominici. All of the legal and financial elements requested were to be provided before last Sunday. Under penalty of failing the recovery of the club. And, according to Midi Olympique , the tendency would be to reject this offer and to keep the current team in place.

Still no trace of the 30 million euros promised

The documents in the possession of the League - transmitted in Arabic and translated into English by representatives of investors ... - would not be convincing indeed. Even more worrying, the financial guarantees essential for registering the ASBH in Pro D2 have still not been provided. The 30 million euros promised by Samir Ben Romdhane and his associates must be provisioned in a bank account domiciled in France in order to prove that the sum has indeed passed from Abu Dhabi. However, until Sunday evening, only a comfort letter from a Hong Kong bank, in the amount of 20 million dollars (17.7 M €), was sent to the DNACG. Sowing a little more doubt on the economic viability of the recovery plan.

At the same time, the team still in place, namely the main shareholders Pierre-Olivier Valaize, Cédric Bistué (co-presidents of the club) and Pierre-Louis Angelotti (who had however announced his decision to withdraw), have, according to Midol , presented to the financial gendarme "a landing project". Or a budget with a declining payroll but solid enough to allow the Biterrois club to take part in the French second division championship. The arrival of René Bouscatel, the former president of Stade Toulousain would no longer be on the agenda, however. 

Verdict expected on Wednesday? 

The epilogue of the serial is in any case very close. The DNACG will make its decision this week. Maybe even on Wednesday ensures Midi Olympique . It must be said that time is running out. The transfer period (excluding unemployed players) ends ... Wednesday evening.

Read also

  • With Béziers, rugby succumbs in turn to petrodollars

Source: lefigaro

All news articles on 2020-07-14

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