The community of Agglomeration Pau Béarn Pyrénées broadcast by the mayor of Pau François Bayrou has just issued a press release this Thursday evening. Here are the terms:
“The decisions taken by the National Basketball League are very clear. The organization of national championships and the involvement of clubs in these championships are governed by financial rules in particular.
If these rules are not respected, there is a sanction. The sanction having been taken, the club has 8 days to file a graceful appeal. If the sanction is confirmed, the question is whether there are other recovery solutions.
In any case, the sums due to the Agglomeration Community and the City must be paid.
This episode is regrettable, especially in view of the remarkable sporting results of this season.
In summary, the Agglo de Pau refers the owner of Elan Béarnais, the American group Counterpointe Sports Group (CSG) to its responsibilities regarding the current financial situation of Elan. And recalls in passing that the American group owes the community the sum of 800,000 euros corresponding to the sale of its shares when it bought Elan a year ago.