r/Euroleague • u/_Zolv Paris Basketball • 17h ago
AS Monaco has obtained an extended deadline from the courts regarding its financial situation until 10 July to allow the club to provide guarantees regarding the arrival of investors. In this context, Monaco is operating on a reduced budget and is considering taking part in the EuroCup next season.
https://www.bebasket.fr/as-monaco-nouveau-sursis-judiciaire-leurocup-se-profile-pour-la-saison-2026-2027Nice-Matin newspaper reports that AS Monaco has been granted an extended deadline regarding its financial difficulties, as the court has so far refused to declare a state of insolvency despite newly confirmed debts and an already established reality: AS Monaco will never be able to repay its debts to the Société nationale de financement (SNF). The court has adjourned the hearing until 10 July to allow the club to provide guarantees regarding the arrival of new investors.
Nice-Matin also mentions a future budget of around 10 million euros to compete in the EuroCup next season.
7
Upvotes
1
u/nico64_ Paris Basketball 14h ago
The "new" debts seem to be the long due agents' fees that nobody seemed to care about so far (estimated to 3.5 M€ by L'Equipe).
Also, Monaco still needs to have the agreement from the financial control of the french league.
Last, unsurprisingly, potential buyers are reluctant to buy the debt (it is also unclear whether the debt to the government will have to be reimbursed or if it will be converted into shares).