French side Bordeaux have staved off liquidation thanks to an English investment firm.The club, which competed in the Champions League as recently as 2010, find themselves down in the sixth tier of French football amid a litany of financial issues.There may finally be brighter days ahead for BordeauxAFPBut Bordeaux have since been rescued by Park Bench, who will take control of the club from Gerard Lopez for just €1 (86p).Who is behind the English investment firm purchasing Bordeaux?At the helm of Park Bench is James Bord, a poker professional who unsuccessfully tried to purchase Sheffield Wednesday.Bord was named as the preferred bidder for the Owls last December but the prospective takeover ultimately collapsed.He has since switched focus to Bordeaux, with the deal to acquire the club announced at the Tribunal de Commerce, per French publication Sud-Ouest.How is the deal to purchase Bordeaux structured?The outlet adds that the sale of the club would result in a renegotiation of its debts, which would need to be paid over 12 years.Bordeaux’s debt, at present, sits at €26m (£22m).However, as part of the deal, the debt would lower to €13m (£11m).Fans of Bordeaux, who competed in Ligue 1 as recently as five years ago, will hope that Bord’s mooted acquisition sparks life back into the club.Bordeaux’s difficult recent historyThe six-time Ligue 1 champions have endured a tumultuous few years and were forced to renounce their professional status in July 2024.Bordeaux had been a professional team since 1937.Andy Carroll spent the 2024/25 campaign with Bordeaux, scoring 11 goalsAFPPrior to Bordeaux giving up their professional status, it was hoped Liverpool’s owners, Fenway Sports Group (FSG), would come to the rescue.However, negotiations ultimately broke down.Bordeaux spent last season competing in Championnat National 2, the fourth tier of French football.The club finished second in the competition with 62 points, three behind winners La Roche.Yet it mattered little as the club’s financial issues meant they were still relegated.