Shearman And Sterling

News August 04, 2021

King Street’s Restructuring of FC Girondins de Bordeaux

Shearman & Sterling advised King Street Capital Management, as shareholder, on the restructuring and sale of the Ligue 1 Football Club Girondins de Bordeaux by way of an ad hoc mandate and conciliation proceeding.

On July 26, following the favorable decision of the Bordeaux Commercial Court approving the conciliation protocol, the debt restructuring and the sale of the club to Gérard Lopez were finalized, making him the new owner of the club.

King Street Capital Management is an investment management firm that invests primarily in distressed companies, stocks, bonds, currencies, warrants and options. King Street Capital Management, L.P. was founded in 1995 and is based in New York City.

The Shearman & Sterling team below included Charlie Gelbon.

The Team