Bordeaux club announced Friday that the National Directorate of Control and Administration had punished him as a precautionary measure by relegating to the second degree, due to the withdrawal of the largest shareholder in the club, King Street, after a hearing before the directorate, confirming his intention to appeal.
The appeal will allow the Spanish-Luxembourgian man, Gerard Lopes, a candidate to take over the club, who was also heard today, to present his project and financing “on 12 July, having proceeded with the seizure of funds and the signing of all agreements relating to his ownership of the club.
The decision by the National Directorate of Control and Administration was expected by Bordeaux, which was heard twice on Friday morning. The first session was related to the current administration led by President Frederic Longibe, who presented a financial deficit at the end of last season, stressing the impossibility of covering the club’s needs after the withdrawal of the majority of shareholders.
The second session was about Gerard Lopes and his project to take over the club.
And the businessman said: It is true that we will take over the leadership of a club in a rather complicated situation, we have spent a lot of time on that, on the work that needs to be done to return everything to what it was, we presented the outlines of the project, the structure, the rebuilding of the club financially and sportingly, It was more than a strategic meeting preceding one that will be technical and detail on July 12.
In his statement, Bordeaux considered that he hoped that the acquisition project submitted to the National Directorate of Control and Management, in which no major dispute had been raised over the coverage of the required funding requirements, would allow this penalty to be lifted and keep the team in the first place.