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Bordeaux have been cleared to remain in Ligue 2 just three days before they are due to start the season.
The club were facing the prospect of dropping into the third tier of French football due to financial irregularities.
Les Girondins were relegated after finishing bottom of Ligue 1 last season and were last month told they would be in the Championnat National for the 2022-23 campaign following a DNCG (National Directorate of Management Control) investigation of their finances.
The six-time champions of France, who reportedly have debts close to €40million, immediately announced their intention to appeal, but the French Football Federation (FFF) confirmed their sanctions will stand this month.
There was good news for Bordeaux on Wednesday, though, when they discovered they will not face a further demotion after demonstrating the "current and future financial robustness" of the club.
A statement on the club's official website said: "Today, the executive committee of the French Football Federation (FFF) held a special meeting to approve the recommendations of the National Olympic and Sporting Committee (CNOSF) issued on 25 July, thus definitively confirming that FC Girondins de Bordeaux will be able to play in Ligue 2 this season.
"Following the lead of the Commercial Court and the CNOSF, the FFF has now formally acknowledged the current and future financial robustness of our club, and the fact that we are more than adequately prepared to play in Ligue 2 this season, in full compliance with the relevant sporting regulations."
Bordeaux are scheduled to face Valenciennes in their first game of the Ligue 2 on Saturday, but it remains to be seen if the fixture will go ahead.