Monaco Basketball Faces Bankruptcy Amid Massive 24 Million Euro Debt

Monaco's basketball club, the 2025 EuroLeague runner-up, is on the brink of bankruptcy less than two years after its peak performance. The club currently owes approximately 24 million euros to various creditors, placing it in severe financial jeopardy. The French basketball league (LNB) has rejected Monaco's financial plan, barring the team from participating in either the first or second division of French basketball due to insufficient guarantees. Monaco has been summoned for a hearing regarding its financial status and must provide the required guarantees by July 20 to continue operating. The club’s budget proposal, led by former NBA All-Star Jamal Mashburn and estimated between 10 to 12 million euros, was deemed inadequate by the LNB committee. Monaco's financial crisis stems from the legal troubles of Russian oligarch Alexey Fedorichev, suspected of massive fraud, whose frozen accounts have cut off funding to the club. Although the Monaco principality injected 30 million euros to stabilize the team, its future remains uncertain. Participation in the EuroCup, where Monaco was expected to compete, is now also in doubt.