Liverpool’s US owners send French giants down to third level

The past season, several historically significant clubs with domestic success and Champions League experience found themselves battling relegation. The 2023-24 campaign saw these teams, once giants in their respective leagues, struggle to maintain their status. The situation had been particularly dire for Bordeaux, a club with a rich history in French soccer.

Once a dominant force in Ligue 1, the Girondins have faced severe financial difficulties over the past few years. The club has won the French top-tier title six times and reached the Champions League quarterfinals in the 2009-10 season. However, the club went down to Ligue 2 after finishing at the bottom of the table in the 2021-22 season. Despite efforts to regain their top-flight status, including a management change with former Liverpool winger Albert Riera at the helm, Bordeaux finished a disappointing 12th in Ligue 2 for the 2023-24 season.

Earlier this year, there was a glimmer of hope for Bordeaux supporters when Fenway Sports Group (FSG), Liverpool’s American owners, revealed it was in discussions to purchase the club. This potential takeover was seen as a lifeline for the Frenchmen, promising much-needed financial and administrative stability. However, last week, FSG unexpectedly withdrew from the negotiations, dealing a significant blow to the club’s aspirations.

Enormous impact of Liverpool withdrawal from Bordeaux

Following the breakdown of talks with FSG, Bordeaux attempted to appeal against the decision of the body overseeing the finances of French soccer clubs. In turn, France decided to demote Bordeaux, so the club’s statement explained the situation. “While discussions had resumed in recent days, FSG representatives indicated yesterday, Monday, July 22, to Bordeaux and its shareholders their desire not to follow through despite the assurances provided by various stakeholders. Therefore, in the absence of new elements, Bordeaux withdrew the appeal lodged against the…

Source link : https://worldsoccertalk.com/news/liverpools-us-owners-send-french-giants-down-to-third-level/

Author : Martina Alcheva

Publish date : 2024-07-24 20:47:59

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