Romain Peugeot gives up after a rejection by the administrative court

by time news

2023-08-03 21:37:00

Romain Peugeot, who had raised several million euros to save the Sochaux club, learned Thursday of the decision of the Paris administrative court.

By MI with AFP The administrative court of Paris refused the plan to take over FC Sochaux, condemning the club to a veritable descent into hell. © SEBASTIEN BOZON / AFP Published on 08/03/2023 at 9:37 p.m.

He throws in the towel… After fighting for several weeks, Romain Peugeot gave up on Thursday August 3 to take over FC Sochaux Montbéliard (FCSM), threatened with bankruptcy, after the rejection of an appeal by the football club to the courts. administrative to try to obtain its maintenance in Ligue 2. The great-grandson of the founder of the almost centenary club had gathered several million euros to try to guarantee the future of the FCSM… in vain. And as the current Chinese shareholder is in great financial difficulty, the Sochaux club risks disappearing. The administrative court of Paris considers that the takeover project of Romain Peugeot is not viable outside of Ligue 2.

“We have just learned of the decision of the Paris administrative court dated August 3, 2023 which refuses to examine the FCSM’s request on the grounds that the urgency has not been demonstrated, while the Ligue 2 championship begins. this Saturday,” announced Romain Peugeot, a 33-year-old London-based financier.

“A huge disappointment”

Evoking “a huge disappointment”, the group of investors federated by Romain Peugeot “can only regret that its project financed in full (…) is not taken into account, despite the documents communicated demonstrating it”.

A first appeal to the French National Olympic and Sports Committee (CNOSF) had already been rejected on Tuesday, pushing the club a little further towards filing for bankruptcy. The FCSM had therefore seized administrative justice just before the resumption of the championship. The absence of Sochaux should benefit Annecy. The LFP has indeed announced the draft of this club in Ligue 2.

The Sochaux club is the property of the Chinese real estate group Nenking, in great financial difficulty. “It is now up to this shareholder to take responsibility,” according to the press release from Romain Peugeot.

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