Financial strife sees Montauban relegated
April 26, 2010
Montauban have been relegated from the Top 14 © Getty Images
Montauban have been relegated from the Top 14 after filing for bankruptcy.
The club had technically secured their survival in France's top flight with their 22-8 win over Bayonne at the weekend, but the spectre of demotion has loomed large since they were called before financial watchdog DNACG at the beginning of April.
Montauban were summoned along with Stade Francais and Bourgoin, who did not face further action, and were unable to provide evidence that they could clear their reported €1.7m financial shortfall within the confines of their season budget. Montauban's relegation secures Bayonne's place in the Top 14 for next season.
"We filed for bankruptcy at the commercial court on Monday afternoon after a meeting of the club's board of directors," spokeswoman Penelope Palazy told Reuters. "This means the club will be demoted from the Top 14."
Their financial problems reportedly stem from a loan taken out to improve their Stade de Sapiac home, including the Patrick Bardot grandstand.
"We know where we are going and we know where we want to get but how long that will take is anybody's guess." David Humphreys on his plans for Gloucester
Jim Mallinder and Justin Burnell were sat on the same top table, but in different circumstances. Tom Hamilton reports on the Aviva Premiership season launch
Tom Hamilton reports back from the launch of the Guinness PRO12 where there is a renewed sense of optimism with all of the off-field changes to the league
So much for the great Australian revival, writes Greg Growden. It now has the potential of going off the rails after the capitulation at Eden Park