A light at the end of the tunnel? Suspended from the hearing scheduled for Monday against the French Basketball Federation, to which the club has appealed its demotion to amateur level, Pau-Lacq-Orthez will present itself in Paris under a new banner. Having become unsustainable, the slump embodied by Counterpointe Sports Group (CSG) and its American president David Otto, who took control of the Béarnais club barely a year ago, ended, according to Sud-Ouest and BeBasket, this Friday by selling the shares to French buyers, guided by Biarrot Sébastien Ménard, president of Eat4Good.
The end of an ordeal for the winner of the Coupe de France this year – and semi-finalist of Betclic Élite (3-1 defeat against Monaco) – weighed down by the financial abyss dug throughout the season, and which had pushed the national direction of the council and the control of management of the professional clubs (DNCCG) to pronounce its demotion at the amateur level. The deficit to be made up would be more than two million euros.
The town hall of Pau in support of the buyers
Dismissed on appeal by this same DNCCG, lonely and scarred by the struggles which opposed him in particular to the president of the club, David Bonnemason-Carrère, Otto therefore resolved to hand over, which could revive the hope of a stay in the elite. Once the American consortium has been exfiltrated, the town hall of Pau and its mayor François Bayrou should undertake to release the subsidy originally planned (1.2 million euros) and finally withdrawn given the recent tensions.
An essential line of account, just like that of the spreading of the club’s debt over three years. If they were satisfied and linked to a viable budget for the 2022-2023 season, the French Federation could then pronounce the maintenance of Elan Béarnais at the highest level, with or without limitation of the club’s payroll. With the official sale of the club, the hypothesis took on a little more substance in the evening. But there is only one weekend of work left to prepare an audience of the most important for the future of the club, nine times champion of France.