In its press release published on Monday evening, the LNB does not give any details on the reasons for this new refusal. However, we can deduce that the absence of financial guarantees from the American group CSG, highlighted on June 23, has not changed significantly since this first appearance before the DNCCG.
“The club has the possibility to appeal this decision to the FFBB within ten working days. “says the LNB.
It was “predictable” according to the Agglo
Once the news fell, the Agglomeration of Pau was quick to react with a press release on Monday evening. “The decision of the national basketball authorities was foreseeable from the moment that new guarantees were not provided by the American owners”, estimates the entity which until last year was the majority in the mixed economy company. before resale to the American group CSG.
“The stage that opens now is the search for possible investors who could offer to take over the club. A number of them have offered, but it remains to verify the solidity of the plans they could present. Naturally, it must be done quickly because any appeals or appeals must be made within a very short time”, further believes the Agglo de Pau.
“Although not being stakeholders in the club, the City and the Agglomeration are sufficiently attached to the sporting and cultural heritage that Elan Béarnais represents to provide our support for robust solutions”, adds the press release.
