Sports
Financier Lopez Reaches Deal to Save Football Club FC Girondins de Bordeaux
- Lopez, King Street and Fortress came to an agreement
- The French soccer club went into administration in April
Gerard Lopez
Photographer: Xavier Laine/Getty Images
Financier Gerard Lopez has reached a deal to rescue FC Girondins de Bordeaux, a top European soccer club, from going bust.
U.S. owner King Street Capital Management and Fortress Investment Group -- which provided financing to the club -- agreed to the Luxembourg-based businessman’s plan to save the club, the team said in a statement on Twitter. The deal still needs to be approved by the Direction Nationale du Contrôle de Gestion.