With a net deficit before its passage before the DNCG on Tuesday, Bordeaux must find solutions to avoid an administrative downturn. President and owner Gérard Lopez has therefore agreed to take half of the Girondins ’debt into its own hands.
In the coming hours, capitals are being announced for the future of the Girondins. This Tuesday, Bordeaux will indeed present its accounts to the National Directorate of Management Control (DNCG). But with an estimated deficit of between 40 and 45 million euros, the Aquitain club, relegated to Ligue 2, could this time threaten an administrative reinstatement. Unless his direction comes to fill the hole. Since the end of the season, Gérard Lopez has been behind the scenes and negotiating with his Fortress at King Street cronies.
🔴⚽️Information @20Minuto Accord total entre @gerard_lopez_ and its cronies, the American investment funds Fortress and King Street, at J-3 of the DNCG for the @girondins. The agreement must be signed by all parties in the next 1/7 hours #Bordeaux #Girondins #FCGB pic.twitter.com/VcLUbdFFEf
– Clement Carpentier (@clementcarpet) June 11, 2022
The president and owner initially hoped that US funds would give up 20 million euros on the total debt, but did not get any gain. So according to 20 Minutes and Southwest media, the businessman, through the mediator of his company Jogo Bonito – La Dynamie, finally found an agreement agreeing to take over half of the debt, or 26 millions d’euros. This operation allows Bordeaux to lower its admission rate, increase its own funds and prove its efforts to the DNCG.
Market sales will be decisive
Of course, this agreement will not be enough to convince the financial gendarme. It will still be sold for at least 22 million euros on the transfers market here on June 30. That’s why Bordeaux are at risk of relegation to the conservatory title, waiting to see if the club can honor its market commitments. Nothing affects the optimism of Gérard Lopez who still hopes to get the green light of the DNCG on Tuesday, a story to live a more peaceful summer.