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Fenway Sports Group, Owners Of Liverpool, In Negotiations To Purchase Bordeaux
The U.S. owners of Liverpool are looking to purchase French club Bordeaux as they seek to expand their football portfolio. Bordeaux said on Tuesday that the project to sell a majority stake to Fenway Sports Group has been presented to the Direction Nationale du Contrôle de Gestion, which monitors the finances of French clubs. READ ALSO: Aston Villa Sign Midfielder […]
The U.S. owners of Liverpool are looking to purchase French club Bordeaux as they seek to expand their football portfolio.
Bordeaux said on Tuesday that the project to sell a majority stake to Fenway Sports Group has been presented to the Direction Nationale du Contrôle de Gestion, which monitors the finances of French clubs.
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“We are working, hand in hand with them, as part of the continuation of negotiations and due diligence,” Bordeaux said in a statement.
Bordeaux, the Ligue 1 champions six times, most recently in 2009, are considered a distressed asset. They wish to obtain assurances of funding for the upcoming season and are presently contesting a decision that would have demoted the team to the third division.
Liverpool said in March that FSG, their owner since 2010, was looking to buy another football club.
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With six French leagues titles, four French Cups, three League Cups and success on the European stage, the southwestern club are one of the most decorated in the country.
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PHOTO CREDIT: Getty