Home / Sports / Monaco Basketball Secures 2026-27 League Spot
Monaco Basketball Secures 2026-27 League Spot
31 Jul
Summary
- AS Monaco has submitted final documents for league approval.
- A bank guarantee of approximately €7 million was provided.
- Approval for the 2026-27 season is expected Friday.
AS Monaco is poised to gain approval to compete in the upcoming 2026-27 French league season. This crucial step follows the strengthening of a takeover plan spearheaded by Jamal Mashburn, a former NBA All-Star. The club has successfully submitted all final documentation requested by the French Basketball Federation's Appeals Chamber.
A significant component of their submission includes a bank guarantee, valued at approximately €7 million. This financial backing is vital for demonstrating the club's stability and viability. Barring any unexpected last-minute complications, the revised takeover plan is slated for approval this Friday.
This expected approval will officially confirm Monaco's participation in the Betclic Elite for the forthcoming season. The club's efforts to finalize their league status reflect a successful push to meet all necessary criteria ahead of the deadline.
