Former Ligue 1 giants Bordeaux have given up their professional status and terminated player contracts days after being relegated to third tier French football. Founded in 1937, the football club has a record of winning six Ligue 1 titles. Liverpool owners FSG had attempted to buy the club prior to the new development, but the deal that was expected to save them from their long-standing financial problems fell through. They were slapped by a relegation penalty by FFF, the football governing body in France.
Upon accepting the relegation, the club renounced their professional status.
WHAT BORDEAUX SAID
A statement earlier in the week regarding the takeover said: “While discussions had resumed in recent days, FSG representatives indicated yesterday Monday July 22 to FC Girondins de Bordeaux and its shareholder their desire not to follow through despite the assurances provided by various stakeholders.
“Therefore, in the absence of new elements, FC Girondins de Bordeaux withdrew the appeal lodged against the decision of the DNCG dated July 9, 2024. As a result, FC Girondins de Bordeaux accepts the sanction of administrative demotion within the National 1 Championship for the 2024/2025 season and will be summoned again to present its budget to the DNCG.”
