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Ligue 1: to buy back the Girondins de Bordeaux, it is at least 130 million euros

2021-05-13T10:32:50.058Z


INFO LE PARISIEN. Candidates for the takeover of the club, placed under the protection of the Bordeaux commercial court since the defection of so


From a sporting point of view, the stinging defeat conceded Saturday in Nantes (3-0) further darkened the situation of the current 15th Girondins de Bordeaux with only two lengths ahead of the barrage. So much for the field side. Behind the scenes, the situation of the club, released on April 22 by its American shareholder King Street and placed since under the protection of the Bordeaux commercial court, is far from being resolved and raises its share of questions. The LFP is, moreover, particularly attentive to the evolution of this file relating to a monument of French football with its six titles of champion of France.

According to our information, the buyer will have to have an envelope equal to or greater than 130 million euros to be able to ensure the financial and sporting sustainability of the Marines.

In particular, he will have to assume all debts, including those contracted with Fortress.

Main creditor of the club, the New York investment fund is supposed to recover its loan of 40 million euros (9.25% interest) by October 2022. In authorized circles, it is estimated at 70 million euros minimum repayment of all debts.

"If these conditions are met, the club will then be able to return to the top flight on condition, of course, of remaining at the end of the current season or at the lower level in the event of relegation," says a relative of the folder.

Already 5 buyers declared

At least 60 million more seem still necessary to reassure, first, the vigilant DNCG, during the next visit of the club scheduled for June, and then cover the costs inherent in the proper functioning of the next season (transfer window). So much for the most optimistic hypothesis. But a bankruptcy filing accompanied, in a disaster scenario, a demotion of the club in National 2, is not yet completely ruled out. The potential buyers could, in fact, be tempted to wait as late as possible and a liquidation to pay no debt, as was the case of RC Strasbourg in 2011. The Alsatian club then restarted its history in CFA 2 , the 5th national division. “If Bordeaux has to start at the bottom of the ladder, it will. It is a question of sports fairness. But that's not the trend ”,assures a good connoisseur of this thorny issue.

On the side of the candidates for the recovery, it continues to be agitated.

Sud-Ouest, revealed this Saturday the latest project embodied by Jean-Baptiste Aldigé, president of Biarritz (Pro D2 rugby) and representative of the Gavekal investment fund.

He would be accompanied by Louis-Vincent Gave, the president of Gavekal.

The Hong Kong-based group is also used to working with… King Street.

After businessmen from or with Gironde ties Bruno Fièvet, Pascal Rigo and Elie Simon, and the Franco-American entrepreneur Ravy Truchot, the duo formed by Aldigé and Gave is the 5th candidate for buyer to come forward in recent weeks.

Pinault's proposal received without much enthusiasm

Telephone contacts took place recently between Aldigé and the EELV mayor of Bordeaux Pierre Hurmic. The latter confirmed it to France Bleu. The elected ecologist redirected the president of Biarritz to the Rothschild bank mandated by King Street to be the interlocutor of all potential buyers On April 26, the owner of Stade Rennais and Château Latour, François Pinault, wrote an open letter to his “colleagues, owners of Bordeaux grands crus” so that they could prepare a plan to take over the Girondins. A proposal received without real enthusiasm by the Union des grands crus de Bordeaux. “Even if that is unlikely to happen, the best solution would probably be to see the municipality buy the club and set up a semi-public company. Because todaywhich private buyer can invest 130 million in Bordeaux to meet the liabilities and finance the next season, ”notes a former leader of a leading French club.

For the record, it is up to Frédéric Abitbol, ​​the ad hoc agent appointed by the Bordeaux Commercial Court, to facilitate the sale of the Girondins, by structuring the club's debts.

Source: leparis

All sports articles on 2021-05-13

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