Elan Bearnais to remain in French LNB / News - Basketnews.com

Credit: FIBA.com Credit FIBA.com

On June 22 it was announced that Elan Bearnais Pau-Lacq-Orthez will be demoted to the amateur level by the French LNB league due to financial reasons.

Fifteen days later the decision was approved by the Superior Management Council of the National Basketball League.

The legendary French club's shares were bought by Sabastien Menard, president of the Eat4Good group on July 22.

Menard came to present his plan to the FFBB appeal committee and was successful. The Appeals Chamber of the French Basketball Federation (FFBB) has decided to reinstate the club in the French LNB, this Monday, July 25.

Control of the club was handed to the American investment fund Counterpointe Sports Group over a year ago.

Before that that the club was controlled by the urban community of Pau-Pyrenees, the city of Pau, and the Community of Communes of Lacq-Orthez.

In the last season, the club accumulated an estimated 2-3 million euros deficit on a planned budget of 7.8 million. The first alerts began to arise in early May when the problems of late salary payments and the departure of General Manager Tom Huston were revealed.

Elan Bearnais is a historic French basketball club with nine French championship titles and a FIBA Korac cup title in 1984. The team won the French Cup this year and was a semi-finalist in the French LNB.

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