Classic Club on the Brink of Bankruptcy – Forced Demotion

The classic French club Bordeaux is forcibly relegated to the third division. This is due to the club's precarious economic situation.

» Published: July 23 2024

Classic Club on the Brink of Bankruptcy – Forced Demotion
Photo: Christophe Ena/AP/TT

Share this article

The classic French club Bordeaux is being forcibly relegated to the third division. This is due to the club's precarious economic situation.

Bordeaux has won Ligue 1 on six occasions, and played as recently as 2010 in the quarterfinals of the Champions League.

Now the giant club is being forcibly relegated to the French third division, after failing to meet the economic requirements of the French second division, where the club has been residing since the 2022/23 season. Currently, the club has no owner and is on the verge of bankruptcy.

The decision was made a few weeks ago, but the club chose to appeal the decision.

It seemed for a while that it could be resolved. Fenway Sports Group, which also owns Liverpool, was in advanced negotiations to take over Bordeaux, but after the negotiations collapsed, the club chose on Tuesday to withdraw the appeal and accept the forced relegation.

"The period that begins now must make it possible for FC Girondins de Bordeaux to come back stronger and to the highest level," the club writes in a statement on social media.

The Swedish goalkeeper Karl-Johan Johnsson plays for the club.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Malmö FF Tops Women's League After 3-1 Victory Over Växjö
2 MIN READ

Malmö FF Tops Women's League After 3-1 Victory Over Växjö

Elin Rubensson Pregnant with Second Child, Due March Next Year
1 MIN READ

Elin Rubensson Pregnant with Second Child, Due March Next Year

Alvar Myhlback Wins Men's Alliansloppet Roller Ski Race Amid Chaos
2 MIN READ

Alvar Myhlback Wins Men's Alliansloppet Roller Ski Race Amid Chaos

Swedish Basketball Stars Larsson and Birgander Ready for Decisive Match
1 MIN READ

Swedish Basketball Stars Larsson and Birgander Ready for Decisive Match

Swedish Beach Volleyball Pairs Reach World Championship Quarterfinals
1 MIN READ

Swedish Beach Volleyball Pairs Reach World Championship Quarterfinals

Alexander Isak Nears Liverpool Transfer as New Bid Prepared
2 MIN READ

Alexander Isak Nears Liverpool Transfer as New Bid Prepared

Sagström Shines in Boston, Holds Second Place After LPGA Second Round
1 MIN READ

Sagström Shines in Boston, Holds Second Place After LPGA Second Round

Messi Prepares for Potential Last Home Match with Argentina
2 MIN READ

Messi Prepares for Potential Last Home Match with Argentina

Djokovic Advances to US Open Fourth Round Despite Back Issues
2 MIN READ

Djokovic Advances to US Open Fourth Round Despite Back Issues

Sabalenka Defeats Fernandez in US Open Third Round Rematch
1 MIN READ

Sabalenka Defeats Fernandez in US Open Third Round Rematch

Ben Shelton Exits US Open in Tears Due to Injury
1 MIN READ

Ben Shelton Exits US Open in Tears Due to Injury

Sagström Shines in Boston, Secures Second Place After Two Rounds
1 MIN READ

Sagström Shines in Boston, Secures Second Place After Two Rounds

Brynäs Falls to Kometa Brno in CHL Opener Without Bäckström
1 MIN READ

Brynäs Falls to Kometa Brno in CHL Opener Without Bäckström

Filip Helander Joins BK Häcken on Loan for Swedish Football Return
1 MIN READ

Filip Helander Joins BK Häcken on Loan for Swedish Football Return

Alcaraz Reaches US Open Fourth Round Despite Injury Concerns
1 MIN READ

Alcaraz Reaches US Open Fourth Round Despite Injury Concerns

Tottenham Hotspur Signs Xavi Simons from RB Leipzig
1 MIN READ

Tottenham Hotspur Signs Xavi Simons from RB Leipzig

Swedish Goalkeeper Emma Holmgren Announces Pregnancy
1 MIN READ

Swedish Goalkeeper Emma Holmgren Announces Pregnancy

Sweden Suffers 5-2 Loss to Finland in Euro Hockey Tour
1 MIN READ

Sweden Suffers 5-2 Loss to Finland in Euro Hockey Tour

Sweden Wins Gold and Silver in European Orienteering Championship
1 MIN READ

Sweden Wins Gold and Silver in European Orienteering Championship

Sweden Prepares for Crucial European Championship Match Against UK
3 MIN READ

Sweden Prepares for Crucial European Championship Match Against UK