The ax fell for Pau-Lacq-Orthez, who passed his great oral this Thursday before the National Directorate of Council and Management Control of Professional Clubs. The club will appeal.
Cold shower in Pau. Winners of the Coupe de France in the spring, sixth in the regular season for Betclic Elite and semi-finalists in the play-offs, the players of Elan Béarnais have had a largely positive 2021-22 campaign. Behind the scenes and at the bank, on the other hand, things are less rosy. Much less… With the specter, in the worst case scenario, of filing for bankruptcy, judicial liquidation and relegation to the amateur level.
And the ax fell this Thursday, unsurprisingly, after a meeting of the National Directorate of Professional Club Management Advice and Control (DNCCGCP), the financial policeman of hexagonal basketball. “The Higher Management Council of the National Basketball League, on the proposal of the Management Control Commission, has decided to refuse the commitment of Elan Béarnais in Betclic Elite and Pro B for the 2022-23 season.“, can we read in a press release.
Absence the guarantee
The DNCGCP highlights “the lack of guarantee as to the continuity of the operation of the club and the absence of any evidence to remove this risk“, adding that this situation”entails a serious hazard as to the realization of the 2022-23 budget and therefore to the operation of the club“, specifying that Pau-Lacq-Orthez has eight days to formulate a request for”gracious appeal to the Higher Management Counciland bring new elements.
As the daily reports South West “Counterpointe Sports Group (CSG) has lost just over 3 million euros in just ten months”, after taking control of this great house of French basketball (9 French championship titles, 4 French Cups, 1 Korac Cup)”with €1.20 million in cash“. Still according to the same source, the sum promised by David Otto, CEO of CSG, during the preliminary hearing, namely €1.1 million, was not provided.
