Bordeaux relegated to French fourth-tier after bankruptcy
The cash-strapped club need to find 40 million euros ($43.6 million) to balance their books and had been in talks with the owners of Liverpool, Fenway Sports Group (FSG), before the American investors pulled out of negotiations in mid-July. Due to Bordeaux's financial woes, France's National Directorate of Management Control (DNCG) had initially decided to relegate them to the third-tier National 1, a decision which the club eventually accepted after withdrawing their appeal on July 23. Bordeaux... Читать дальше...