Former Lille owner Lopez reaches deal to save Bordeaux | Malay Mail

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PARIS, June 23 — Former Lille owner Gerard Lopez has reached an agreement to rescue French side Girondins de Bordeaux from going bust, the Ligue 1 side said on Tuesday. Bordeaux were placed into administration in April after their owners, investment management firm King Street Capital Management,...

PARIS, June 23 — Former Lille owner Gerard Lopez has reached an agreement to rescue French side Girondins de Bordeaux from going bust, the Ligue 1 side said on Tuesday.

The former French champions have been struggling financially due to the impact of the Covid-19 pandemic and the premature end to the 2019-20 season also resulted in a loss of income when the league season was cancelled. The club on Tuesday said former Lotus Formula One team president Lopez agreed a deal with the US owners and creditors Fortress Investment Group and they will now need an approval from the league’s National Directorate of Management Control.

 

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