The Girondins of Bordeaux announced this Thursday that he has had to place himself under the protection of Bordeaux Commercial Court after its owner, the American fund King Street, has withdrawn its support.
King Street “has made it known that he does not want to continue supporting the club or financing its current and future needs “Girondins, currently sixteenth in the classification of the French first division, said in a statement.
That entity entered the capital of Girondins in 2018 and it was its sole shareholder since in December 2019 it bought its share from the US fund GACP. Although his possible withdrawal was the subject of recent rumors, they were betting that he would choose to sell it.
Bordeaux indicated that this decision comes at a time when “the economic context linked to the Covid-19 pandemic Yet the withdrawal from Mediapro it has caused an unprecedented drop in the income of French football clubs ”.
Added to the impact of the interruption of the championship last season and the consequent loss of income, the team specified in its note that its president, Frédéric Longuépée, has placed the club “under the protection of the Bordeaux Commercial Court” to protect it.
Although now it is in low hours, Girondins is a historic club in the French League and in its ranks some great players from this country have stood out, such as Zinedine Zidane, Jean Tigana or Patrick Battiston. He currently has among his ranks the Spanish midfielder Ruben Pardo, previously in the Real Sociedad.