Kane's class - but England need new No.9 to lead World Cup bid

It's too easy for Ramirez! Clinical Chelsea look ominous

England's biggest winners & losers from the Nations League

How it feels to beat Lionel Messi

The best Premier League loanees of the season so far

Szoboszlai in tears as Netherlands vs Hungary is halted

Kroos opens door to Real Madrid return 

Why Ronaldo has been released from the Portugal squad

Rashford branded a 'clown' after attending New York Knicks game

Ronaldo sets clear timeline for retirement

Barcelona icon Pique weighs in on Ronaldo & Messi GOAT debate

Neymar move ruled out as Brazilian club president mocks his injury struggles

Real Madrid 'prioritised shirt sales' with Mbappe signing

Manchester City

Manchester United

Liverpool

Arsenal

Chelsea

Other

Article continues belowArticle continues belowArticle continues below<script type="application/json" data-placement="fcplayer-semantic">{"type":"fcplayer-semantic","data":{"embedCode":"//cdn.fcp.codes/embed-code-template/embed-code-template.js#SEMANTIC_5704afb8-c10b-4ba5-9cb4-d7fb6098ef90"}}</script><ul><li>FSG held discussions to takeover Bordeaux</li><li>Pulled out last week after failure to reach agreement</li><li>French club will now ply their trade in the third-tier</li></ul>

Former Ligue 1 giants Bordeaux relegated to third tier just one week after breakdown in takeover talks with Liverpool owners FSG

National

Bordeaux

Nimes

Premier League

Southampton

Earlier this month, there was optimism among Bordeaux supporters as <a href="https://www.goal.com/en/lists/liverpool-owners-bordeaux-fenway-sports-group-multi-club-model/blt4a1b6d11e7083d87" target="_blank">Fenway Sports Group (FSG) confirmed they were in discussions to purchase the club</a>. However, last week, the American business firm unexpectedly withdrew from the negotiations, which was a hammer blow to Bordeaux’s hopes of financial and administrative stability.

WHAT HAPPENED?

Bordeaux attempted to appeal against the Direction Nationale du Controle de Gestion (DNCG), the body responsible for overseeing the finances of French football clubs, regarding the decision to demote them. However, after the second round of talks failed to result in an agreement with FSG, they withdrew their appeal and accepted the relegation.

THE BIGGER PICTURE

The club released a statement on Monday, July 22, explaining the situation.It read: "While discussions had resumed in recent days, FSG representatives indicated yesterday, Monday, July 22, to Bordeaux and its shareholders their desire not to follow through despite the assurances provided by various stakeholders. Therefore, in the absence of new elements, Bordeaux withdrew the appeal lodged against the decision of the DNCG.“As a result, Bordeaux accepts the sanction of administrative demotion to the Championnat National for the 2024-2025 season and will be summoned again to present its budget to the DNCG.”

WHAT BORDEAUX SAID

Bordeaux's financial struggles are not new. In 2021, the club was placed into administration when their American owner, King Street, ceased financial support. The club was later acquired by Luxembourgish-Spanish businessman Gerard Lopez. Despite these changes in ownership, Bordeaux continued to face significant financial challenges which has not helped them recover their lost glory.Once a dominant force in French football, Bordeaux has won the Ligue 1 title six times and reached the Champions League quarter-finals in the 2009-10 season. The club was relegated to Ligue 2 after finishing at the bottom of the table in the 2021-22 season. Subsequently, under the management of former Liverpool winger Albert Riera, Bordeaux finished a disappointing 12th in Ligue 2 for the 2023-24 season.

DID YOU KNOW?

Bordeaux now faces the <a href="https://www.goal.com/en/lists/ajax-lyon-european-fallen-giants-shock-relegation-battles/blt13299a4778f72d5b" target="_blank">daunting task of rebuilding from the third tier</a> of French football. They have a rich history of nurturing talent, with notable players like Zinedine Zidane, Christophe Dugarry, and Jean Tigana having donned their colours. More recently, Real Madrid and France midfielder Aurelien Tchouameni emerged from their youth system. With a passionate fan base and a storied history, there is hope that Bordeaux can rise again and reclaim their place in the upper echelons of French football.

WHAT NEXT?

Former Ligue 1 giants Bordeaux relegated to third tier just one week after breakdown in takeover talks with Liverpool owners FSG | Goal.com

Former Ligue 1 giants Bordeaux have been relegated to the third tier just one week after a breakdown in takeover talks with Liverpool owners FSG.