AS Monaco will not receive a €500,000 advance from the LNB due to legal limits amid an estimated €15 million deficit.
The French LNB Pro A League has decided not to provide a €500,000 financial advance to AS Monaco, despite earlier considerations. According to L’Equipe, the league is legally unable to release such funds, as it operates under France’s 1901 non-profit association law.
The advance had been proposed to prevent a potential players’ strike ahead of last Sunday’s game in Chalon. It was intended as a temporary measure to support players who had gone unpaid for several weeks.
Although the advance will not be granted, the LNB has remained involved in the situation.
Per L’Equipe, a video conference reportedly took place on Tuesday with AS Monaco players, head coach Vassilis Spanoulis, and the league’s president and CEO.
Players reportedly received certain financial guarantees, though details have not been made public.
The club’s financial situation remains tense, with a deficit estimated at nearly €15 million.
A court hearing is scheduled for March 6 in Monaco to determine whether the club is insolvent and whether a state takeover may be necessary.
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