Oliver Kahn pulls out of Bordeaux takeover talks
Oliver Kahn has pulled out his formal bid to take over fourth-tier side Girondins de Bordeaux. The ex-Germany international goalkeeper and his investment partners filed a 'plan de cession' last week with the court-appointed administrators and legal officials handling Bordeaux's ongoing financial crisis under the mandate of owner and club president Gérard Lopez. The submission arrived on the eve of a critical Commercial Court hearing in which the current club leadership would have presented its own proposal aimed at ensuring the club's survival.
'This winter, I decided to consider becoming the new owner of the Girondins de Bordeaux', Kahn wrote in a letter published by Sud Ouest. 'In January 2025, I submitted a formal offer to the current owner, later accompanied by proof of funds, and then presented an offer to the court administrator.' The former Bayern Munich CEO then adds he would not inject the €50m sum he previously committed to his takeover bid in light of the financial, operational and legal information shared with his investment partners.
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'It is therefore with great disappointment, despite extensive preparatory work and rigorous analysis, that we have made the carefully considered decision not to pursue our takeover plan', Kahn said, extending his thanks to Bordeaux's local authorities and the club's fans.
GFFN | Bastien Cheval
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