Jamal Mashburn and American Investors Near AS Monaco Acquisition
Former NBA player Jamal Mashburn, 53, who played professionally from 1993 to 2004 before a career-ending knee injury, is transitioning into business. Mashburn was involved in a previous attempt to acquire Élan Béarnais Pau-Lacq-Orthez in 2021, alongside figures like Rick Pitino and Stu Jackson, through the American fund CounterPointe Sports Group. However, that deal ultimately fell through. The current American investors are reportedly planning to inject approximately 10 million euros into AS Monaco.
While the club's players are reportedly moving on, Nice Matin reports that AS Monaco has begun settling its debts with service providers, including the sports agency BeoBasket, and is poised to re-enter the transfer market. The club's financial situation is in urgent need of regularization. AS Monaco is scheduled to appear before the FFBB appeals commission on July 24th, which will determine its continued participation in the French professional league.
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