US fund gets green light to buy Ligue 1 club Bordeaux
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.