Céline Forte’s lawyer during the legal fight which allowed him to take back control of the club in 2019, Pierre Fargeaud will step down as general manager of Limoges CSP at the end of this season. This is what he explained to us last Saturday during our program on the 40th anniversary of the Beaublanc sports center on France Bleu Limousin. “The objective was to be able to restructure the club, to lay solid foundations. It was a bit like the mission assigned to me. To lay everything down and make sure that the future can be more serene than it was before. I’m not saying I was in a firefighter role but in an emergency role. We had to intervene quickly. I have never seen myself on the length at Limoges CSP. The idea was really to say it’s a step“according to Pierre Fargeaud
Pierre Fargeaud’s announced departure is far from the first
A stage sufficiently advanced for him to decide to leave the club at the end of the exercise. “For me, this mission is not finished but it is reaching an important stage with the legal restructuring of the club. I did this 1st step. I laid this 1st stone. Now I will be able to go back“explains Pierre Fargeaud. Knowing that his departure is not the 1st. Far from there. Stéphane Ostrowski has already left the club. Richard Dacoury is no longer part of the management board. The same goes for Claude Bolotny. As for the current chairman of the management board, Yves Martinez, he will soon be leaving his post: “I’m not far from the end. I am getting closer to the age limit. I can do another season but after that I will have to stop. We are going to take another step and prepare it.”
We dissolve the management board and the supervisory board and we create a board of directors
The rest is the legal restructuring of the club. With the implementation in the coming weeks of a new mode of governance. “This restructuring and reorganization of governance is underway since we are dissolving the management board and the supervisory board and we are creating a board of directors. We will find the same people plus a few new faces but we have not yet seen them, recruited. We have to wait a bit to see what the new governance will be.“said Yves Martinez. But to hear him, the changes are imminent:”the transition to the board of directors will be done very quickly. As soon as the restructuring is done. End of year or beginning of next year“.
Soon a first opening of the capital to “love money”
Knowing that this change in governance will be accompanied by a capital increase of approximately 500,000 euros and then by a first opening of the capital. “The opening of capital will come very quickly after this restructuring operation. In several stages. A 1st during which we will call on friendly capital. This is called “love money”. And then probably after two years, a second opening of the capital“confirms Yves Martinez who reveals in passing that the club has still not touched the ticketing fund of last season. Fund promised by the State to face the health crisis. It remains to be seen who will be the future operational leaders of Limoges CSP. In recent months, several members or relatives of the owner Céline Forte’s family have appeared in the club’s organizational chart. Will this movement continue? Intensify? Response in the coming months.