Fans of Pau-Lacq-Orthez breathe. After examining the takeover of the Béarnais club by its new main shareholder, the French company “Eat 4 Good”, the appeal chamber of the French Federation decided on Monday to accept its re-engagement in Betclic Elite.
“In view of recent developments in the file and the guarantees provided as to the continuity of the club’s operations, the Appeals Chamber has decided to reform the decision of the Superior Management Council of July 11, 2022 and to issue a favorable opinion on the club’s commitment to the Betclic Elite Championship for the 2022-2023 season. It also seized the LNB’s higher management council, which will have to validate the budget and supervise the club’s payroll for the 2022-2023 season, “explains, Monday, a press release from the French Federation.
The Superior Management Board of the National League (LNB) had confirmed, on July 11, its decision to refuse the commitment of the club, then in the hands of the investment fund US Counterpointe Sports Group (CSG) due to a deficit. financial for the 2021-2022 season and a lack of guarantees for the 2022-2023 financial year.
Élan Béarnais is a historic French basketball club with nine French championship titles and a European cup in 1984. In their recent history, the Béarnais had already suffered demotions, in 2009 and 2012, but they were purely sporting and had were followed by immediate increases. It was therefore their first administrative demotion, to National 1 (3rd division). Pau-Orthez won its first Coupe de France in 15 years on April 23, beating Strasbourg 95 to 86.