AS Monaco's Place in Betclic Élite Expected to Be Secured
Is AS Monaco finally out of trouble? According to information from L'Équipe, the club from the Rock is expected to avoid the worst and keep its place in the French basketball elite. Indeed, the takeover project led by former NBA player Jamal Mashburn is slated for approval this Friday by the FF
Is AS Monaco finally out of trouble? According to information from L'Équipe, the club from the Rock is expected to avoid the worst and keep its place in the French basketball elite. Indeed, the takeover project led by former NBA player Jamal Mashburn is slated for approval this Friday by the FFBB Appeals Chamber, following the receipt of the necessary bank guarantees.
Aleksey Fedoricsev has reportedly finally decided not to give up his position, leaving the club under American ownership, with Mashburn as the key figure. However, there will still be a degree of continuity within Monaco's organizational structure, as executive director Oleksiy Yefimov remains on board.
A Reduced Budget
After becoming accustomed to having the largest payroll in Betclic Élite in recent years, Monaco will now have to operate with a budget of €12.5 million. However, the essential point is that ASM will be saved, averting another seismic event in French basketball, especially at a time when ASVEL is also experiencing difficulties.
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