Champions League Club Files for Bankruptcy, Loses Professional Status
French football club Bordeaux has taken a devastating blow after filing for bankruptcy, resulting in the loss of their professional status. The club, who have won six Ligue One titles, has been plagued by financial problems in recent times.
As reported by Goal, Bordeaux had been in talks with Liverpool owners Fenway Sports Group to take over the club, but the deal ultimately fell through. This means the club will play in the third tier next season, marking a significant decline from their Champions League days.
The club’s financial struggles have led to a series of drastic measures, including the termination of all player contracts and the closure of their academy training centre. This is a bitter pill to swallow for fans of the club, who have seen their team struggle to stay afloat in recent years.
Bordeaux’s notable former players include Zinedine Zidane, Yoann Gourcuff, Bixente Lizarazu, and Jules Kounde. The club’s title win 15 years ago secured qualification to the Champions League, where they enjoyed a run to the quarter-finals before losing to Lyon.
The loss of professional status is a significant blow to the club, which has been a part of French football since 1937. The club’s supporters will be left wondering what could have been if the takeover deal had gone through.
What’s Next for Bordeaux?
As the club begins their journey in the third tier, it’s unclear what the future holds for Bordeaux. The club will need to rebuild from the ground up, with a new team and a new strategy. It’s a tough road ahead, but the club’s fans will be hoping for a turnaround in fortunes.
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