US fund gets green light to buy Ligue 1 club Bordeaux

Gulf Times Sport - - FOOTBALL -

Lo­cal French of­fi­cials re­moved the last ob­sta­cle yes­ter­day to the sale of Ligue 1 club Bordeaux to an Amer­i­can in­vest­ment fund in a deal worth 75mn eu­ros. The city’s mu­nic­i­pal coun­cil voted over­whelm­ingly to ap­prove the Amer­i­can takeover which is ex­pected to be con­cluded by the end of the month. The deal comes two years af­ter Ligue 1 ri­vals Mar­seille were bought by US real es­tate mag­nate Frank McCourt, the former Los An­ge­les Dodgers owner, for 45mn eu­ros. The coun­cil vote of­fi­cially au­tho­rised the trans­fer of ren­tal obli­ga­tions for the club’s Mat­mut At­lan­tique ground, owned by the city, from me­dia group M6.

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