Bordeaux achieves first success in its fight against its demotion in the 3rd division

It’s a welcome breath of fresh air for the Girondins de Bordeaux. The football club, founded in 1920, currently relegated administratively to National (3 ^e division), won a first victory, this Tuesday, July 19, in its fight to find the D2. The Bordeaux commercial court rendered a judgment approving the rescue plan at the end of the afternoon. A good omen for the Bordeaux leaders before their hearing before the French National Olympic and Sports Committee (CNOSF) on Thursday, which could go in the direction of lifting their demotion.

By this judgment,which is enforceableAccording to Laurent Cottret, the club’s lawyer, the court records the agreements made by the Girondins and its creditors King Street and Fortress and puts an end to the conciliation procedure opened on June 13. This court decision states that « there is no cessation of payment, that the agreements ensure the sustainability of the club, and that these agreements concluded do not pose any prejudice to a third party« . It relates to three points: a capital increase of 10 million euros via the company Jogo Bonito of the owner Gérard Lopez, the restructuring of the debt by waiver of 75% of this debt by the American creditors (of 53 million euros to 13.5 million euros) and to complete the sequestration of 14 million euros in guarantee if the sales of players planned during the summer transfer window were not carried out.

With this judgment in their favour, the Bordeaux leaders can now calmly prepare for their grand oral, on July 21 at 2 p.m., hoping to convince the CNOSF conciliators. In the event of a favorable decision, which should fall from Friday evening, it will then be the turn of the French Football Federation to give an advisory opinion. The Executive Committee of the apex body of the hexagonal round ball should meet on July 25, five days before the first day of Ligue 2. On the other hand, if the FFF refused to give its approval, all is not lost for the Girondins of Bordeaux. The leaders of the club with six titles of champions and four Coupe de France will then be able to rely on this judgment of approval and possibly file an interim order in suspension with the administrative court.