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American Firm GACP Confirms €100M Purchase Of Bordeaux

American investment group GACP is officially the new owner of Ligue 1 side Bordeaux, according to LE PARISIEN. Previous owner M6 announced on Tuesday that it relinquished its stake in the club for €100M ($114M). M6 had owned the club since ’99. GACP and M6 met at the law offices of Winston & Strawn in Paris to confirm the “closing” of the deal. The two groups said that the deal went off “without a hitch.” As previously reported, Frédéric Longuépée will be presented as the club’s new president at a press conference on Thursday (LE PARISIEN, 11/6).

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