French league champion sold for one euro
The ownership of French club Bordeaux has been transferred to the American investment fund "Park Bench" for a symbolic one euro, with the buyer assuming the club's debts approaching 18 million euros. This move is part of the club's efforts to overcome its financial and sporting crises, following a decline from the top division to the sixth tier over the past five years, and having been under judicial supervision twice since 2021. The sale aims to rebuild the club's future, which has suffered from financial crises and a sharp decline in performance.
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