Former Ligue 1 champions Bordeaux have been relegated to France’s fourth-tier National 2 after entering receivership. The club, facing financial difficulties, was initially relegated to the third tier but further demotion was decided by the DNCG due to the receivership status.
Red Lobster, the beleaguered seafood chain, is considering filing for bankruptcy or seeking a buyer to address its financial difficulties. The company’s debt and costly leases have hindered its operations. Despite surviving the pandemic without bankruptcy, Red Lobster has faced leadership turnover, competition from fast-casual chains, and self-inflicted issues such as its disastrous ‘endless shrimp’ promotion.
Pop star Charlotte Church, known for her early success, has downsized her extravagant mansion to a modest home due to dwindling finances. The singer, who rose to fame in 1997 at the age of 11, admitted that she is ‘not a millionaire anymore’ and explained that her former ‘fairy-tale-like’ life had taken a turn for the worse. Despite her previous wealth, Church expressed reluctance towards staying in the entertainment industry from a young age but was pressured by her father to pursue it for financial gain. Now, she is focused on nature-based pursuits and activism, including her educational charity The Awen Project and her new podcast ‘Keeping up with the Cardiffians.
