A penalty was applied by the DNCG for not injecting the previous owners of the French club with around 30 million euros to settle the debt
Despite being ranked in a safe 12th place in the last edition of the French Ligue 1, Bordeaux, as reported by L’Equipe on Friday, was convicted of relegation to the French second division, administratively, due to a lack of financial guarantees.
The harsh penalty was applied to Girondins by the Professional Club Control Committee (DNCG) for the failure of the club’s previous owners in southwest France to pump around 30 million euros to settle existing debts.
L’Equipe says that such a large sum should have been deposited into the bank account of former Chalana, Polita and Paulo Sousa until the last day of June 30, which has not actually happened, so the DNCG showed a heavy hand on Bordeaux.
Historic Galicia club, which must be managed by Luxembourg Spaniard Gerard Lopez – the current investor of SAD do Boavista – as of July 12, has announced that it will go to court to try to overturn the sanction applied by the DNCG.
A note from Bordeaux read: “The club will appeal the decision to allow the purchaser to finalize the acquisition project, provide funds and sign all agreements relating to the acquisition of the club on 12 July.”
Last June, Gerard Lopez presented a plan to settle the club’s financial situation, with the DNCG, to avoid bankruptcy and continue in Ligue 1, which he has not achieved (so far). The businessman has ten days to avoid the fall of Bordeaux.