Due to their bad financial situation, Girondins de Bordeaux have been moved down to the third level of French soccer, Championnat National 1. This week, the authorities went to AS Saint-Etienne as part of an investigation into illegal player registration. Both teams were kicked out of Ligue 1, which is the top division in France, at the end of the 2021/22 season. However, Bordeaux could have gone down even further since they were only saved from bankruptcy by the league last summer.
The team said in a statement, “Girondins de Bordeaux will appeal the DNCG’s decision to put the club in National 1.” “The FCGB is sad to hear that the DNCG has decided to move to the third tier in terms of administration. The club will obviously file an appeal right away. After almost two hours of hearings in good weather, this harsh decision means that the club can’t move forward with its plan to clean up its finances and start a new chapter in Bordeaux’s history.
“On June 14, the DNCG heard that the club had a guaranteed re-engagement of the majority shareholder for $10,4 million, an agreement with the club’s debtors, and offers for a few players that were more than the total targeted amount. The club is still sure that it can come up with a good plan for the 2022–23 season, and the appeal will give them time to find new ways to stay in Ligue 2.
Saint-Etienne and Angers SCO, both of which are in the process of being bought by Americans, are both being looked into because of suspicious player registration and agent activity. French authorities have recently looked into several player representatives.
L’ASSE confirme avoir reçu des policiers dans le cadre d’une enquête préliminaire.— AS Saint-Étienne (@ASSEofficiel) June 14, 2022
Le club a remis aux enquêteurs les éléments qu’ils ont sollicités et a été entendu en qualité de témoin sur un dossier en lien avec l’exercice présumé illégal de la profession d’agent de joueur. pic.twitter.com/n7O2AFBTZC
A message from Saint-Etienne said, “ASSE confirms receiving police officers as part of a preliminary investigation.” “The club gave the investigators the information they asked for, and one of its members was called as a witness in a case about illegal player agency.”
“The DNCG met with Saint-management Etienne’s on Tuesday as part of the club’s checks before the 2022-23 season,” said another statement. “Even though ASSE was demoted, no restrictions have been put on them.”
Bordeaux can appeal their relegation, which they have already said they will do. However, a windfall from Aurelien Tchouameni’s move from AS Monaco to Real Madrid and this summer’s commercial subsidiary funds through CVC Partners were not enough to ease financial worries.
Championnat National 1 is the semi-professional third level of French soccer, while Ligue 2 is the professional level. Bordeaux is out of the elite for the first time since 1990-91, which was also because of money. The last time Saint-Etienne was out of Ligue 1 was in the early 2000s, and they came back in 2005. Like Angers, Saint-Etienne is on the verge of being taken over by Americans. David S. Blitzer’s group is expected to buy Les Verts after a long sale process that looked like it might fail.