In Football Magazine, Luc Arrondelfootball economist, and research director at CNRS, confirmed that big clubs, such as the Girondins de Bordeaux, never die.
“Until now, this is a reality that we observe in France, where ultimately only Calais has disappeared from the landscape, and even in England, a country that I have also studied. But the question still deserves to be asked in the light of the evolution of football which values certain clubs at several billion euros, with budgets approaching a billion and more and more foreign investors. , American funds in particular. It could be a game changer.”
How do these great clubs manage to rise from their ashes?
“Football clubs do not have a big impact on the economy. If you add up the total turnover of L1, you are still very far from that of a single large French company of global scale. Since the amounts involved are not very large, it is easier to follow the principle of ‘too small to fail’. In the recovery process, the sporting history of clubs is more important than their financial situation. The clubs are real brands, with a history, a track record, values… So many elements which mean that, despite financial difficulties, there is always someone to take them over.”
Photo by Hugo Lerat
