Announced
Financials
Sources
Tags
Acquisition
Majority
France
Entertainment
Private
soccer club
Friendly
Pending
Private Equity
football
Single Bidder
Cross Border
Synopsis
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.
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