Threat to Bordeaux's future

American money has been flowing into European football, but it doesn't always end well, as has happened at Bordeaux.

The Ligue 1 club's majority shareholder, American investment firm King Street, recently withdrew funding, placing Bordeaux into administration.

French fiduciary law firm Poulmaire Avocat & Fiduciaire has been asked by the city to analyse the takeover which also involved American investor Joseph DaGrosa.

A plan for the continuation of the club's activity will have to be presented and validated by the French league's financial overseer before mid-July.

If their debt is not restructured and a buyer is found before then, the club could be placed into judicial liquidation.

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The Political Economy of Football V2

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