Basketball / Elan Béarnais is getting closer to administrative relegation

Basketball / Elan Béarnais is getting closer to administrative relegation

“The goal is to give the club an ambition that lives up to its legend”, then assessed the mayor of Pau who, in return, was to receive 800,000 euros linked to the sale of the shares…

“The goal is to give the club an ambition that lives up to its legend”, then assessed the mayor of Pau who, in return, was to receive 800,000 euros linked to the sale of shares to CSG, an amount corresponding to the recapitalization. previous year and the payment of an exceptional subsidy. He is still waiting for them!

“We do not agree on the terms, we are in the process of renegotiation”, simply revealed David Otto almost a year later, this Friday afternoon during a press conference which made it possible to better identify the reasons for the arrival in France of the co-founder and president of CSG.

Partners and shareholders not convinced

“The goal is not for CSG to open the checkbook wide to fill the coffers. It was never the idea, ”supported David Otto in a somewhat reassuring opening remarks. “If one of my partners expressed it like that, he was wrong. From now on, the challenge is to set up a profitable economic model where the club makes money without depending on us”, proposed the American from Seattle, with the hope “to generate 10% profit from the next season”, after having started his first interminable monologue by insisting that no club “in France or in the Euroleague makes a profit”.

A speech mainly intended for the economic partners and the minority shareholders of the club so that they go back to the cash register in an emergency, in order to participate in reaching the kitty of one million euros of guarantee urgently demanded by DNCCG (National Directorate of management control board) during the grand oral held on June 14 alongside Chairman David Bonnemason-Carrère. This million corresponds to a third of a deficit, the reimbursement of the complement of which would be spread over three years and via a loan.

His whole half week in Béarnaise began with a discreet meeting in a hotel in Pau with Didier Gadou, general manager of the former governance who was fired upon the arrival of CSG (!), David Otto insisted a lot on the famous sale of tokens to generate the expected resources.

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A global speech which absolutely did not convince partners and minority shareholders (up to 28%) to immediately release the additional euros which would make it possible to convince the DNCCG. The meetings of Thursday and Saturday between David Otto and the local actors would have even been very tense, the mistrust pushed to its climax in exchanges which shook the fabrics of the clubhouse of the Palais des sports, according to several guest speakers.

Administrative relegation becomes clearer

From then on, David Otto, after having warned that CSG would only commit if the “community” committed identically on his side, arrives at the end of the end of his economic journey with a reinforced concrete dead end as a ‘coming.

Twelve months have passed since the wedding and the passage of SEM Elan Béarnais in SASP, and we have never been so close to seeing the cotton wedding turn into a shattering divorce.

If the athlete has fulfilled his share beyond expectations with a Coupe de France, the first trophy for seventeen years, and a first participation in the semi-finals since 2006 in a radiant Sports Palace, everything else (marketing, model economic, strategy…) did not follow in dramatic proportions. With, for common point, the prohibitive ignorance of the local economic fabric. Not to mention the pharaonic Climatik Park which must/should transform the horizon of Cami-Salié.

Three days before the DNCCG’s verdict, expected this Thursday, June 23, the only credible hypothesis leads to heavy sanctions announced against Elan Béarnais. In the heart of a championship final that it could aspire to barely ten days ago, the club has never found itself so close to relegation to National 1. What vertigo!

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