The fall of the French football memorial

Once it wasn’t custom, Gerard Lopez swapped out the suit for a tracksuit. A sign that the clock is serious… “I will fight to the end”the president of the Bordeaux club reassured on Thursday 7 July at the Château de Hellen, the football club’s training center.

These words, he already used in a press release published two days ago, in the evening confirmed the resumption of the team’s managerial demotion to Level 1, the amateur level. He repeats it on the occasion of his first public intervention on the decision taken by the National Administrative Control Department (DNCG, the football financial policeman).

This considered that the guarantees offered were not enough – notably in terms of debt reduction (52 million euros) – for the club to be able to develop in the second division, where it was relegated sportingly until the end of the season. 2021-2022 season, after 31 years in the first division.

Bordeaux, a century-old figure in French football, is on the brink. To avoid falling into it, the club submitted an appeal to the French National Olympic and Sports Committee (CNOSF). And the latter’s opinion, expected on July 18 or 19, will be advisory only. If the reduction is confirmed, the club may resort to the summary judge of the Administrative Court in order to suspend the decision, before attempting to invalidate it.

Read also: Football: Girondins de Bordeaux are close to being relegated to the amateur level

If these various treatments fail, a bankruptcy file is looming. Such an outcome would punctuate the four years during which Girondin’s condition continued to deteriorate: to the tensions between shareholders and financial difficulties were added a rift with supporters and a downgrade of the sporting rating.

Read also: Football: In Bordeaux, Girondin’s fall is ‘fraught with consequences’

AS Monaco . model

The starting point for this collapse? Many observers put it in 2018, after nineteen years at the helm of the club, the M6 ​​television group handed it over and resold it to US financiers: General American Capital Partners (GACP), backed by money from King Street and Fortress investment.

Alain Giresse, the legendary Girondins player in the years 1970-1980, was invited to Paris to meet Joe DaGrosa, GACP representative. He explained to me what he wanted for the club and I said to myself: Watch out, where are you going? I sensed that things were slowly but surely heading toward disaster.He remembers.

The new owners dream of imitating the AS Monaco model. This club, which became the 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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