Girondins de Bordeaux' American ownership under scrutiny as club face July deadline to avoid risk of liquidation
29 April 2021
The Ligue 1 club's majority shareholder, American investment firm King Street, recently withdrew funding, placing Bordeaux into administration.
A plan for the continuation of the club's activity will have to be presented and validated by the French league's financial overseer before mid-July.
If their debt is not restructured and a buyer is found before then, the club could be placed into judicial liquidation.
The recent influx of American investors in European football has generally been viewed as a positive trend from a business perspective, but it doesn't always go according to plan.
Girondins de Bordeaux serve as a perfect example of this. The club's owner, American investment firm King Street, last week withdrew funding, citing Covid-19 and the collapse of the French league's Mediapro TV rights deal as the reasons for ceasing support.
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