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FSG have pulled out of negotiations to buy French side Bordeaux it has been confirmed by the French club in a statement.
FC Girondins de Bordeaux and its shareholder have been informed by Fenway Sports Group of its desire not to pursue discussions initiated in recent weeks with a view to purchasing the club the statement reads.
This decision is explained in particular by the significant cost of the stadium in the years to come but also by the general economic context of French football.
FC Girondins de Bordeaux and Gérard Lopez thank Fenway Sports Group for the interest shown in the club as well as its teams for traveling to meet its stakeholders.
FSG previously committed to building a multi-club model with Liverpool as a central club. Bordeaux were supposed to become the second club in their portfolio but it looks like the Reds owners will have to keep searching.
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