Gerard Lopez to invest in King Street and Fortress Investment-backed Girondins de Bordeaux.

Gerard Lopez, a Luxembourg-based financier, agreed to invest in US based private equity firm King Street and Fortress Investment-backed Girondins de Bordeaux, a football club. Financial terms were not disclosed. The club went into administration in April, when King Street refused to inject more cash and began working with Rothschild to find a buyer. It needed at least €100m ($119m) of fresh investment to avoid financial collapse.