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SBD Global/October 22, 2013/Finance

M6 To Reconsider Investment In French Football Should Talk Of 75% Tax Continue

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Ligue 1 Girondins de Bordeaux board member and President of broadcaster M6, the majority shareholder of the club, Nicolas de Tavernost said that "should the negative signals toward football in regards to a 75% tax continue, we would reconsider our investment in football," according to the AFP. De Tavernost said, "It's a fact, not a threat. For our club, this tax would mean an estimated €6 million ($8.2M) over two years that will be sorely missed in Girondins' funding." He added, "This is a bad sign we are sending to industrial investors, professionals" (AFP, 10/21).
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