Fenway Sports Group (FSG), which has appointed Michael Edwards as CEO of its football division, is looking to expand its football division through the acquisition and development of new clubs, in addition to the continued growth of Liverpool.
A number of potential clubs have been floated in the past, but it appears that the next club to be acquired after Liverpool will finally be decided. The name of the club is French club FC Girondins de Bordeaux.
The club has recently languished in the second division and is in danger of relegation to the Champion National (third division) as a result of years of debt.
French media reported secret talks between FSG and Bordeaux’s ownership team, suggesting that they could help improve the club’s financial situation.
Bordeaux then issued an official statement, releasing that talks were ongoing and that they were prepared to sell a majority stake to FSG.
CLUB PRESS RELEASE
FC Girondins de Bordeaux is continuing its discussions with Fenway Sports Group with a view to the DNCG appeal committee.
At its hearing on 27 June, the DNCG issued a stay of proceedings for FC Girondins de Bordeaux in order to provide all the necessary guarantees for the financing of the 2024-2025 season. For the time being, the state of progress of the case has led the DNCG to order the club’s relegation to the third tier, the Champion National.
The club is appealing against this decision and now has the time it needs to finalise one of the options that will guarantee funding for next season.
To this end, the plan to sell a majority stake to Fenway Sports Group was presented to the DNCG this morning in the presence of its representatives, and we are working hand in hand with them as part of the ongoing negotiations and due diligence.
COMMUNIQUE DU CLUB
— FC Girondins de Bordeaux (@girondins) July 9, 2024
Le FC Girondins de Bordeaux poursuit ses discussions avec Fenway Sports Group en vue de la commission d’appel de la DNCG.
Lors de l’audition du 27 juin dernier, la DNCG avait prononcé un sursis à statuer pour le FC Girondins de Bordeaux aux fins d’apporter… pic.twitter.com/FXQk6yjJMe