2023-07-14 18:49:00
It’s been a while now that Sochaux supporters have been waiting for at least one good reason to rejoice. This Friday, they gathered at the Bonal stadium and sang their love for the Franche-Comté club, administratively demoted to National due to a gaping hole in its budget. At the end of the afternoon, the yellow and blue people discovered, on social networks, a video addressed to them.
Frankie Yau, the president of the FCSM, indeed wanted to deliver some explanations concerning the financial situation of the Cubs who, if they do not present a budget in line with the expectations of the National in the coming days, risk having to file for bankruptcy. It is urgent, and a credible solution would be to open up the club’s capital to other investors. This is precisely what seems to be under study. “We are currently in talks with several new investors and hope to be able to give you a more definitive answer at the beginning of next week”, thus revealed the Doubiste leader.
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Negotiations that were “unsuccessful”
“Our initial strategy was to achieve internal reforms and spending cuts in order to achieve self-sufficiency. So we did not seek outside investment from the start,” added Frankie Yau, who said he had “extensive discussions with some potential investors, but for some reasons, including but not limited to the market situation and the conditions of collaboration, these negotiations were not successful.” The Sochaux supporters will still live in anguish for some time, but at least they know a little more about what is going on behind the scenes.
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