AC Ajaccio, a team based on the Mediterranean island of Corsica, is now up for sale for only €1! It’s kind of crazy because just two years ago they were playing against Leo Messi’s Paris Saint-Germain. The catch? They’ve got a massive debt of about €8 million, and any buyer will need to take that on. The team has had a rocky financial journey, even facing relegation and player bans due to the mess. Anyone else surprised by how cheap this is considering the situation?
Wow, only €1? But that debt though… Not sure it’s worth it unless you’ve got deep pockets. 
Drew said:
Wow, only €1? But that debt though… Not sure it’s worth it unless you’ve got deep pockets.
Yeah, it’s like buying a house for a dollar but having to pay the mortgage too, lol. But hey, some people love a challenge.
Drew said:
Wow, only €1? But that debt though… Not sure it’s worth it unless you’ve got deep pockets.
I mean, if they can clear the debt, the team could be worth a lot more in the future. But that’s a big if.
This is wild. It’s crazy how they went from playing top teams like PSG to this. What even happened?
Morgan said:
This is wild. It’s crazy how they went from playing top teams like PSG to this. What even happened?
I read the debt is a huge part of the problem. And their broadcast deal didn’t help either. Football clubs in France are really struggling with low TV rights lately.
Morgan said:
This is wild. It’s crazy how they went from playing top teams like PSG to this. What even happened?
Yeah, it’s rough. And losing big sponsorships didn’t help them either. No wonder they’re in a financial mess.
If I had the money, I’d probably be tempted, lol. But who’s gonna take on €8 million in debt?
Parker said:
If I had the money, I’d probably be tempted, lol. But who’s gonna take on €8 million in debt?
For sure! You’d need to have a lot of faith in the team’s future to make it work.
Parker said:
If I had the money, I’d probably be tempted, lol. But who’s gonna take on €8 million in debt?
Maybe someone with experience in turning distressed companies around, like Glenn Straub? He’s into buying assets like this.
Is this the same Glenn Straub who was involved with Miss America? How does he even make that connection work with a football team?
Wesley said:
Is this the same Glenn Straub who was involved with Miss America? How does he even make that connection work with a football team?
Yep, that’s him. I guess he likes buying distressed assets, and a football team could be a pretty interesting project for him.
Wesley said:
Is this the same Glenn Straub who was involved with Miss America? How does he even make that connection work with a football team?
Well, he’s been looking for a European team for a while now. Maybe he thinks there’s a hidden gem in Ajaccio.
So, if you’re thinking of buying this team, you get to meet them at the airport? That’s kinda cool. 
Xavi said:
So, if you’re thinking of buying this team, you get to meet them at the airport? That’s kinda cool.
Haha, right? The people involved must have been relieved that someone was interested. That’s a good sign.
Xavi said:
So, if you’re thinking of buying this team, you get to meet them at the airport? That’s kinda cool.
Definitely a change from the usual cold, corporate approach. That meeting sounds kinda cozy in a weird way, lol.