PARIS (Reuters) - France’s Metropole Television (M6) has begun exclusive talks with U.S. investment fund General American Capital Partners (GACP) to sell its stake in FC Girondins de Bordeaux soccer club, it said on Friday.
M6 bought the French Ligue 1 club in 1999. The club has won the French league title six times and former players include 1998 World Cup winners Zinedine Zidane, Bixente Lizarazu and Christophe Dugarry.
“Due to the growing financial power of several Ligue 1 clubs, M6 Group believes that the sale of FC Girondins de Bordeaux to GACP ... would represent the best option to maintain the club’s position and help improve its results over time,” the company said in a statement.
Reporting by Bate Felix; Editing by David Goodman