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Sports Illustrated

Sport

Karl Rasmussen

Six-Time French Soccer Champion Bordeaux Renounces Professional Status

Bordeaux Ligue 1 Soccer

Bordeaux's French forward Francois Kamano celebrates after scoring a goal during the French L1 football match between Bordeaux (FCGB) and Guingamp on February 19, 2017 | ROMAIN PERROCHEAU/AFP via Getty Images

French soccer club Girondins de Bordeaux informed the French Football Federation Thursday that it would be renouncing its professional status amid financial hardships that have stricken the club.

The news of their change in professional status comes on the heels of the club being relegated from the French second tier to the semiprofessional third tier on Tuesday. They had been linked with a takeover by Fenway Sports Group, owners of Liverpool FC, but those plans fell through leaving the club in dire straits.

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