Bordeaux Future Rosier After City Approves New Stadium Guarantees

Bordeaux took a step back from the abyss on Friday when city officials approved rental guarantees for the cash-strapped club's city-owned Matmut Atlantique stadium from would-be club owner Gerard Lopez

Bordeaux, (APP - UrduPoint / Pakistan Point News - 9th Jul, 2021 ) :Bordeaux took a step back from the abyss on Friday when city officials approved rental guarantees for the cash-strapped club's city-owned Matmut Atlantique stadium from would-be club owner Gerard Lopez.

"We either place our confidence in Gerard Lopez, or else it's curtains for the club," city metropolitan council leader Alain Anziani had warned late Thursday after a closed-doors meeting with Lopez which saw the Spanish-Luxembourg businessman, former owner of Lille, unveil his plans for the six-time champions.

Those included guarantees for rental payments for the stadium, inaugurated in 2015 and slated as a venue for football action during the 2024 Paris summer Olympics as well as for the 2023 Rugby World Cup.

The 42,000-capacity venue also hosted five games at Euro 2016 and has welcomed the French national side.

Bordeaux have been in peril since April when former owners King Street, an American financial group, appointed an administrator saying they wanted out after investing 46 million Euros (55 million Dollars) since buying the outfit in 2018 for 100 million euros.