Girondins de Bordeaux have been relegated to the third tier of French soccer due to financial irregularities.
Bordeaux, six-times champions of France, were demoted to the second division last month after finishing bottom of Ligue 1 and have debts in the region of 40 million euros, according to multimedia outlet RMC Sport.
The club were unable to reassure French soccer’s financial watchdog (the DNCG) that they would be able to fulfil their financial obligations in the coming season and have thus been demoted again, the French league’s governing body (LFP) said on Tuesday.
“Girondins de Bordeaux will appeal the DNCG’s decision to relegate the club to National 1,” the club said in a statement.
“The club remains confident in its ability to demonstrate a solid project for the 2022-23 season and the appeal will grant time to finalise new solutions to ensure Ligue 2 status.”
Bordeaux, who have also won four French Cups, last claimed the top flight title in 2008-09.
Their seven-year-old 42,000 capacity stadium, which is owned by the city, hosted matches at Euro 2016 and will also stage fixtures at the 2023 Rugby World Cup and 2024 Olympic football tournament.