"No Go for Kahn" - Legendary Goalkeeper Backs Out of Struggling Bordeaux Purchase
Elite club's former leader, Oliver Kahn, expresses his thoughts on the club's downfall.
Facebook Twitter Whatsapp E-Mail Print Copy Link Former Bayern Munich's star goalkeeper, Oliver Kahn, pulling out of 50 million euro bid for struggling Bordeaux.
In a shocking turn of events, the illustrious former Bayern Munich's goalkeeper, Oliver Kahn, has decided against investing a whopping €50 million in the down-and-out French club, Girondins de Bordeaux. After a series of intense deliberations and thorough assessments, Kahn pulled the plug on his investment plans, announcing his decision on LinkedIn.
Kahn's investor group, who had submitted a formal offer in January for the ailing top-tier club, stepped back from their plans. "After a painstaking examination of the financial, operational, and legal aspects that finally surfaced at the end of last week, we have decided not to invest the roughly €50 million that were reserved in our project to propel FCGB back to its rightful home - the Ligue 1," the statement noted.
This decision was made, "with a deep sense of dismay," the message further stated.
A Club Rich in History and Glory
Bordeaux, formerly a club boasting the talents of Zidane and Lizarazu, would have required some rejuvenating work under Kahn's potential leadership. Following bankruptcy and relegation last summer, the club is now playing in the fourth-tier National 2, with a staggering debt of over €100 million.
Kahn, a former Bayern board member, would have had to navigate a tumultuous path to resurrect the club's former glory. In 1996, Bayern, with Kahn between the sticks, secured the UEFA Cup final against the six-time French champions, Girondins[3].
Advertising his appetite for football investments during the summer, Kahn shared his thoughts with Kicker magazine. "Investing in football is different from buying stocks. Football is about culture, identity, community. If everything aligns, I can certainly envision myself investing," he told the outlet[4].
References:
- ntv.de
- dpa
- Bayern Munich vs Girondins Bordeaux (1996 UEFA Cup Finals)
- Kicker Article - Oliver Kahn open to football investments.
The announcement was made on LinkedIn by Oliver Kahn, who revealed his decision to abandon a €50 million investment in Girondins de Bordeaux, citing a thorough examination of the club's financial, operational, and legal aspects. Furthermore, Kahn, a former Bayern Munich goalkeeper and board member, expressed his interest in football investments as a means to foster community culture and identity, not just a financial asset like stocks.
