Ligue 1: the Girondins de Bordeaux ready to go under the foreign flag



[ad_1]

Foreign Championships

America at the gates of the Haillan: after 19 years at the head of the club, M6 announced Friday to have entered into exclusive negotiations with the American investment fund General American Capital Partners (GAPC), for the sale of the Girondins of Bordeaux (L1).

The agreement must still be submitted to the green light of elected officials of the Bordeaux metropolis, which participated in the financing of the stadium.

"In a context of increases in the budgets of several clubs of Ligue 1, Groupe M6 considers that the sale of FC Girondins de Bordeaux to GACP, which proposes an ambitious sports project and a long-term investment strategy, would be the best option to maintain the club's position and to progress in the long term. its results, "said the media group in a statement.

M6, 99% shareholder of the Girondins since 1999, confirmed in March that he was discussing with this investment company led by Josep h DaGrosa and based in Florida. But the group did not reveal Friday the proposed price of the transaction, evaluated then to 70 million euros by Challenges magazine.

Joseph DaGrosa is co-founder of the company 1848 Capital Partners LLC, specializing in management of wallets. Its ambition is to develop the club in terms of marketing, merchandising, sponsorship, on the model practiced in the US in basketball, ice hockey or football franchises.

In fact, the Girondins with their 65 million budget, struggling to keep up with the big-league SUVs, placed under the flag of foreign investors, bringing ever-increasing resources such as PSG (budget 8 times higher), Monaco (3 times), or Marseille (2 times), which also sold in October 2016 to American sirens (Franck McCourt).

80 million additional

"We decided to refocus on our radio / television professions and we have found investors to develop the club under conditions that may be more satisfying for the club than us.They have committed, in the next three years, to bring an additional 80 million euros for r develop the club Given the infrastructure that is left, a beautiful stadium, a good training center, good equipment and a team that still holds the road, I think the club will be well armed to compete in levels a little more important, "said Friday on RTL Nicolas de Tavernost.

Before sealing the agreement, it will still need the green light of the elected representatives of the Bordeaux metropolis, which has a say to have participated in the financing of the Girondins stadium, inaugurated in 2015.

The club has indeed committed to pay him for this stage Matmut Atlantic annual rent of 3.85 million euros until 2045, a sum that the Americans have sought for weeks to bring down.

"The final decision on the approval of the maintenance of this guarantee by the buyer will have to be taken by the elected officials of Bordeaux Métropole, at their Council of 28 September next", a made known to the city [19659004] The sale of the Girondins closed a 19-year sporting episode with M6, marked by two league titles (1999, 2009), a Coupe de France (2013), three League Cups (2002, 2007 and 2009), two Champions trophies (2008, 2009), and a participation in the Champions League quarter-finals in 2010.

But one of the deans of the Ligue 1 clubs, six titles in France, four times winner of the Cup de France, three times in the Coupe de la Ligue, has had a series of ups and downs in recent seasons, qualifying last season for the Europa League (sixth in the league).

[ad_2]
Source link