It’s starting to become routine for Gérard Lopez. After the Girondins de Bordeaux, demoted to National 2 last summer, it is the turn of Boavista, another club managed by the Spanish-Luxembourger, to find itself on the verge of bankruptcy. In a press release published this Tuesday, November 12, the other Porto club announced that it was close to “liquidation of the club”.
The fate of Boavista in the hands of the authorities
In great financial difficulty, the Portuguese club saw its fate placed in the hands of the Commercial Court of Vila Nova de Gaia, which “ordered a Special Revitalization Process (PER)”. This PER aims to establish “rigorous and exceptional measures” over the next few months to get the club back on track.
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Boavista also recognizes that apart from this recovery plan, “the only alternative will be to file an insolvency application”precipitating the end of the 2001 Portuguese champion. The ball is now in the court of the authorities, supposed to negotiate the club's debts with the creditors. After the Girondins de Bordeaux and the Royal Excel Mouscron, it is therefore a new club of Gérard Lopez which finds itself on the edge of the abyss.
