
The club, reigning French champion, is on the verge of stopping payments with liabilities of 27.8 million euros.
AI-generated summary
The club was excluded from the professional championships and Nationale 1. It is contesting this decision before the Paris Administrative Court.
The Monaco commercial court will deliver its decision this Tuesday on the future of AS Monaco basketball, deprived of professional championships such as Nationale 1 and on the verge of cessation of payments, it announced on Friday. After a hellish summer, and multiple setbacks in its attempt to save its place in the professional world and then in the men's National 1, the club was the subject of a new hearing on Friday at the commercial court of the principality.
According to the latest note from the legal representative, responsible for examining the financial situation of the reigning French champion, the club has liabilities of 27.8 million euros, including 21.7 million corresponding to the loan allocated - via the National Finance Company (SNF) - by the Monegasque State at the start of the year. In addition, the salaries of the club's 21 employees were not paid in September.
A final appeal before the administrative court
Last Friday, AS Monaco, represented by general manager Oleksiy Yefimov, requested a new reprieve, arguing that it had filed an interim appeal with the Paris Administrative Court in the hope of overturning its refusal to register in NM1, ratified by a final decision by the French Basketball Federation on September 18.
Explaining that the administrative court had to rule before the end of October, the club requested a referral, which was ultimately refused. According to the prosecutor, "we have been carrying this file at arm's length for months, there have already been six referrals even though the state of cessation of payments should have been declared a long time ago."
AI outlook — possibilities, not facts
The commercial court will make its decision on Tuesday.
Very likely · Within days

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