the fall of a monument of French football

the fall of a monument of French football

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For once, Gérard Lopez swapped the suit for the tracksuit. A sign that the hour is serious… “I will fight until the end”assures the president of the Girondins de Bordeaux on Thursday July 7 at the Château du Haillan, the football club’s training center.

These words, he has already used them in a press release published two days earlier, on the evening of the confirmation on appeal of the administrative demotion of the team to National 1, the amateur level. He repeats them on the occasion of his first public intervention about the decision taken by the national management control department (DNCG, the financial policeman of football).

This considered that the guarantees provided were not sufficient – ​​in particular with regard to the reduction of the debt (52 million euros) – for the club to be able to evolve in Ligue 2, where it had been relegated sportingly to the end of the 2021-2022 season, after thirty-one years in the first division.

A century-old figure in French football, Bordeaux is on the brink of collapse. To avoid falling into it, the club filed an appeal with the French National Olympic and Sports Committee (CNOSF). The opinion of the latter, expected on July 18 or 19, will only be advisory. In the event of confirmation of the demotion, the club may turn to the urgent applications judge of the administrative court in order to suspend the decision, before attempting to have it annulled.

Read also: Football: Girondins de Bordeaux close to relegation at amateur level

If these various remedies fail, a bankruptcy filing will loom. Such an outcome would punctuate four years during which the situation of the Girondins continued to deteriorate: to tensions between shareholders and financial difficulties were added dissension with supporters and a sporting downgrade.

Read also: Football: in Bordeaux, the fall of the Girondins promises to be “fraught with consequences”

The AS Monaco model

The starting point of this collapse? Many observers place it in 2018, when, after nineteen years at the helm of the club, the M6 ​​television group hands over and resells it to American financiers: General American Capital Partners (GACP), supported by funds from King Street and Fortress investment.

Alain Giresse, legendary player of the Girondins in the years 1970-1980, was then invited to Paris to meet Joe DaGrosa, the representative of GACP. “He explained to me what he wanted for the club and I said to myself: ‘Careful, where are you going?’ I felt that it was slowly but surely heading towards disaster.he remembers.

The new owners dream of imitating the model of AS Monaco. This club, which became champion of France at the expense of Paris-Saint-Germain in 2017, is developing a policy of attracting young players and then, thanks to good results, reselling them for gold.

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