It is a monument of French basketball which is threatened with disappearance: Pau-Orthez, passed under the American banner a year ago, saw his commitment in the elite and in ProB in 2022-2023 refused for financial reasons, has the National Basketball League announced on Thursday.
In a press release, the LNV evokes "the absence of guarantee as to the continuity of the club's operation", while adding that it had "the possibility of formulating a request for a graceful appeal before the Superior Council of Management to contest this decision ".
Élan Béarnais is a historic French basketball club with nine French championship titles and a European cup in 1984.
In their recent history, the Béarnais have already suffered demotions, in 2009 and 2012, but they were purely sporting and were followed by immediate increases.
This is therefore their first administrative demotion.
Pau-Orthez won its first Coupe de France in 15 years on April 23, beating Strasbourg 95 to 86. Apart from the strictly sporting plan, the club has been talked about this season by offering tokens to the public. ) representing part of its capital, using blockchain technology.
He had sold his first crypto-tokens without difficulty, with the possibility of raising up to a maximum of 10 million euros from this operation, depending on the degree of success of the public appeal, according to the owner of the club. the American group CounterPointe Sports Group (CSG).
