Monaco Basketball Faces Bankruptcy Amid Massive 24 Million Euro Debt

Monaco's basketball club, which finished as EuroLeague runners-up in 2025, is now on the brink of bankruptcy less than two years later. The club owes approximately 24 million euros to various creditors, placing it in a critical financial crisis. The French league's governing body, LNB, has refused to approve Monaco's financial plan, barring the team from competing in either the first or second French divisions. Monaco was called to a hearing due to its precarious financial situation but failed to provide the necessary guarantees, leading to the rejection of its budget proposal.

The club has the option to appeal this decision, with a deadline of July 20 to submit the required financial guarantees to continue operations. The budget plan, presented by former NBA All-Star Jamal Mashburn, estimated expenses between 10 and 12 million euros but was deemed insufficient by the LNB committee. Monaco's financial troubles stem largely from the legal issues of Russian oligarch Alexey Fedorichev, suspected of massive fraud, whose frozen accounts have cut off funding to the club.

Despite a 30 million euro bailout from the Principality of Monaco, the club's future remains uncertain. Participation in the EuroCup, where Monaco was expected to compete, is now also in doubt. The situation has escalated rapidly from the club's recent success to a potential dissolution due to financial collapse.