Bordeaux (AFP)

The American investment fund King Street, owner of Bordeaux, has indicated that it "no longer wishes to support the club and finance its current and future needs" of the Girondins, who have been placed under the protection of the Bordeaux commercial court , the club announced on Thursday.

In a press release, the club evokes "the economic context linked to the Covid-19 pandemic and the withdrawal of Mediapro (which) caused an unprecedented drop in revenues for French football clubs".

After placing the club under the protection of the Commercial Court of Bordeaux, "an ad hoc representative has been appointed (who) will be responsible for assisting FC Girondins de Bordeaux in their search for a lasting solution", adds the club.

© 2021 AFP