Bordeaux file for bankruptcy and give up professional status

Bordeaux have giving up their professional status as a club and have filed for bankruptcy.

The six-time Ligue 1 Champions have terminated all their player contracts and their training centre will be closed.

Liverpool owners FSG were in talks to purchase the club, but negotiations broke down this week.

They had finished third in Ligue 2 last season, having been relegated from the top-tier in 2022.

"It's a difficult decision that anticipates an inevitable consequence of the restructuring process underway," the club said in a statement.