Traditional French team declares bankruptcy and releases players; check it out

This Thursday, the Girondins of Bordeauxsix-time champion of Francedeclared bankruptcy after being relegated to the country’s third division due to financial problems. The decision came after the French Football League (LFP) review the club’s accounts at the end of last season and determine the punishment due to financial failure.

With the bankruptcy declaration, Bordeaux has abandoned its status as a professional club, resulting in the termination of the contracts of all players in the squad. These players are now free on the market and can be signed directly by other teams, without the need for negotiations with Bordeaux. In addition to the loss of the squad, the club’s training center will be closed, affecting around 70 young players, as reported by the French press.

The third tier of French football includes both professional and amateur clubs. Generally, relegated teams lose their professional status, but can apply for a two-year exemption to maintain recognition. However, given the current crisis, Bordeaux have chosen not to seek this temporary remedy.

To overcome the crisis, Bordeaux will have to present a budget to the National Directorate of Management Control (DNCG), the entity responsible for monitoring the finances of professional clubs in France.

Throughout its history, Bordeaux has had renowned players such as Zidane, Pauletaand Brazilian athletes like the full-back Marianothe defender Pablo and the attacker Malcolm. The club won the French Championship in 1950, 1984, 1985, 1987, 1999 and 2009, as well as titles in the French Cup, French Super Cup It is French League Cup.