Bordeaux Club Struggles to Find 40 Million Euros Ahead of DNCG Review
Published on Saturday June 24, 2023 at 2:58 p.m. by Emmanuel LANGELLIER, Media365
The Bordeaux club is facing a challenging situation as it prepares to appear before the DNCG (National Directorate of Management Control) on Wednesday. The club, currently in a delicate financial position, must find 40 million euros to secure its future.
On Friday morning, the leaders of the Girondins de Bordeaux and the League met at the headquarters of the CNOSF (National Olympic and Sports Committee) to contest a decision made by the disciplinary committee. The committee ruled that Bordeaux had lost a match against Rodez (38th day of Ligue 2) due to an attack on Lucas Buades by a Bordeaux supporter, which led to the match being stopped. The historic French club is also seeking the removal of the minus point penalty that is set to be imposed at the start of the next season. The final decision on these matters will be made on Monday. However, it is expected that the LFP (French Professional Football League) will have the final say, and the case will not proceed any further.
The Bordeaux club’s troubles continue to mount. After the incident involving the stopped match and their relegation to Ligue 2, they now face the daunting task of finding 40 million euros to complete their budget for the upcoming season. This amount is even more challenging to obtain than initially anticipated, as Sud-Ouest reported a deficit of 20 million euros just a few days ago.
To address this financial shortfall, the Girondins de Bordeaux have several options. They can explore the sale of players with high market value, such as Dilan Bakwa, a 20-year-old French striker who scored 5 goals and provided 7 assists during the last season in Ligue 2. Additionally, the club could consider selling Ukrainian midfielder Danylo Ignatenko (26) and French defender Malcolm Bokele (23). Another potential solution is for the club’s chairman-shareholder, Gérard Lopez, to inject capital into the club. However, it should be noted that no shareholder has ever contributed such a significant sum to a Ligue 2 team before. If Bordeaux fails to secure the necessary funds, they could face a recruitment ban this summer.
The Bordeaux club, which had a disappointing end to the season and finished 3rd in the standings, is now in a race against time to unearth the required 40 million euros before their appearance before the DNCG on Wednesday. The outcome of this review will have significant implications for the future of the club.
1) What are the potential consequences for Bordeaux if the DNCG determines that the club is in financial distress?
Ue 1) due to a technical issue with the team’s lineup.
This situation has further exacerbated the financial woes of the club, which was already struggling to meet its financial obligations. Bordeaux currently owes several creditors, including players and staff, and has been unable to secure additional funding to cover its debts.
The DNCG review is a crucial moment for the club, as it will determine whether Bordeaux can continue to participate in professional football. The DNCG is responsible for overseeing the financial health of French football clubs and has the power to impose sanctions, including relegation to a lower division, if a club is deemed to be in financial distress.
Bordeaux has been actively seeking investors and exploring potential partnerships to help cover its financial shortfall. However, finding 40 million euros in such a short amount of time has proven to be a significant challenge.
The club’s current owners, King Street, have indicated that they are willing to provide additional funding to support Bordeaux. However, they have also stated that they expect the club to find alternative sources of financing to ensure its long-term viability.
The situation is causing concern among Bordeaux fans, who fear that the club may not be able to overcome its financial difficulties. Many worry that the club’s rich history and legacy will be lost if it is forced to fold or be relegated to a lower division.
Despite these challenges, Bordeaux remains hopeful that it can find a solution and secure its future. The club is actively engaged in discussions with potential investors and is exploring all available options to raise the necessary funds.
Wednesday’s DNCG review will be a critical moment for Bordeaux, as it will determine the club’s fate. Fans and stakeholders will be anxiously awaiting the outcome, hoping that their beloved club can find a way to overcome its financial struggles and continue to compete at the highest level of French football.
It’s disheartening to see a once successful Bordeaux club facing such financial challenges. The need for 40 million euros to secure their future highlights the importance of sustainable business strategies in the world of sports. Here’s hoping they find a way to overcome these hurdles and get back on their feet.