More bad news in the environment of the Girondins de Bordeaux. SBA, the company that operates the Matmut Atlantique, is on the verge of filing for bankruptcy.
The Girondins of Bordeaux definitely do not transform everything they touch into gold. The current context of the club is turbulent: the first team plays in the fourth level of French football, while the management, invited to leave by the numerous supporters, is preparing its continuation plan before its next meeting at the commercial court of the city, which will have to decide whether to apply a judicial liquidation or not. On July 23, the Girondins de Bordeaux filed for bankruptcy. Next on the list could be SBA, the company that operates the Matmut Atlantique.
SBA on the verge of bankruptcy
According to information from SudOuest, SBA is on the verge of filing for bankruptcy. This scenario would only be a matter of weeks, indicates the regional daily. This is clearly not good news for the Bordeaux metropolis which will have to assume the full reimbursement for the construction of the stadium, i.e. almost 100 million euros. The operator, in deficit since 2015, is a victim of the descent into hell of the Girondins de Bordeaux. Until last season, SBA collected 11 million euros each year from the Metropolis, but had to give 4.5 million back to the community. for guaranteed revenue, whatever their turnover ».
At a time when no major concert or major sporting event is planned for 2025 in the Bordeaux stadium, the initial difficulties are forcing the operator to consider filing for bankruptcy. To top it off, Matmut decided to give up its stadium naming contract last December. A loss of almost 2 million euros per year for SBA. If the operating company files for bankruptcy, the Metropolis will therefore have to regain control of the stadium. For the Girondins de Bordeaux, this has no short-term consequences. With a little luck, elected officials will be able to count on an offer to buy the club and the stadium. A package that would reassure everyone.
