League 2: The Girondins de Bordeaux play their future against the DNCG

This is a crucial moment for the people of Bordeaux. On Tuesday, the club of President Gérard López is scheduled by the DNCG, which will decide whether or not to validate its accounts. The setbacks have multiplied in recent weeks for Gerard López, with a blurred image after his time in Lille from where he was expelled due to financial problems at the end of 2020.

Mouscron, a Belgian club he has owned since 2020, had to declare bankruptcy after seeing his professional license not renewed. Boavista, a Portuguese club that also took over in 2020, was banned from hiring by FIFA for unpaid compensation. Then, ten days ago, the Luxembourg prosecutor’s office sent the businessman to a criminal court for “forgery” and “use of forgery” during a transfer of funds dating back to 2014 between the F1 Lotus team, which managed at that time, and the club of Fola Esch, in the Grand Duchy, of which he resigned from the presidency in 2017.

Negotiations

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The historic decline of Bordeaux, which he took over last July, did nothing to help Mr López’s business. “I made mistakes“,”it is a personal failure for me, and I take responsibility for it“The leader acknowledged on May 21, just before the last day of L1.”Saving the club is and remains my goal“Because the Bordeaux patient is a big patient in the football business, harmed by the disastrous management of the US GACP fund in addition to the health crises, television and sports rights that have affected him. definitely sunk.

Ahead of Tuesday’s meeting with French football’s financial police, the DNCG, the Girondins tried to negotiate with their creditors King Street and Fortress their debt of 50 million euros and their debt ratio. To what extent have they succeeded? The sale of Aurélien Tchouameni to Real Madrid, which will bring nearly 11 million euros to Bordeaux, awaiting that of Jules Koundé tracked by Chelsea, as well as the reduction of the payroll compared to the time of the GACP could serve them well. purpose and reassure the DNCG.

The operating deficit is around 40 million euros, which the Girondins hope to compensate with the sale of their most valued players such as Hwang Ui-Jo, Alberth Elis and Junior Onana, in addition to the 7 million parachutes paid by the LFP . to any degraded club and 8.5 million euros from the CVC investment fund.

Various scenarios

However, to get the green light on the DNCG and start again next season on L2 with a budget of 41 million euros and balanced accounts, López and his company Jogo Bonito will have to get their hands on the pocket, in the form of significant own contributions as desired by King Street and Fortress loan funds, or through new partners or sponsors.

Gérard Lopez at the UNFP Trophy Ceremony, May 19, 2019

Credit: Getty Images

If on Tuesday the control body considers the financial guarantees insufficient, it may issue a precautionary administrative leave to Nacional (3rd division). The Girondins would then have six days to travel and two weeks to appear at a second hearing, this time set before the federal DNCG.

If the bills are approved then, Bordeaux can return to L2, whose championship starts at the end of July. Otherwise, the club will go to bankruptcy before the Commercial Court and to a court proceeding. With an option on the table: the National if he takes over the club, the amateur level (5th division) in case of liquidation.

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