Saturday , May 8 2021

Girondins de Bordeaux investors King Street stop investment, club fighting to survive!

The economic context linked to the Covid-19 pandemic and the withdrawal of Mediapro as Ligue 1 broadcaster has led to an unprecedented drop in revenues for French football clubs.

These events are in addition to the financial consequences that already hit the clubs hard last season due to the stoppage of the Ligue 1 Championship and the resulting loss of revenue.

While FC Girondins de Bordeaux is heavily impacted their shareholders King Street after having invested 46 million Euros in the Club since its takeover, has indicated that it no longer wishes to support the Club and finance its current and future needs.

These circumstances led the President of Girondins de Bordeaux to protect the Club by placing it under the protection of the Bordeaux Commercial Court. An ad hoc representative has been appointed, he will be responsible for assisting FC Girondins de Bordeaux in its search for a lasting solution.

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