The Court Declares Monaco Basketball to Be Suspended From Payment
11 Articles
11 Articles
The club of the Principality, champion of France in title but riddled with debts, took note this Wednesday of the decision of the commercial court of Monaco which "recognized the state of cessation of payments". It is about to leave the professional world.
The club, considered economically non-viable, had been excluded from Betclic Elite and Elite 2 this summer. AS Monaco basketball announced on Wednesday to take "a break" with the hope of rebuilding itself.
The Monaco commercial court found this Tuesday the state of cessation of payments of the reigning French champion. It is (almost) officially the end for the Roca Team.
Official confirmation has arrived that KK Monaco has entered insolvency proceedings and will suspend its activities, ending the current project after one of the most successful periods in the history of French basketball.
Paris, 7 Oct (EFE).- The administrative court of Monaco declared Wednesday in suspension of payments to the basketball team of the Principality, one more step in its total dissolution after having been removed from all competition for financial and administrative reasons. If his sports death had already been decreed in the middle of last month, when [...] La entrada La judicata declara al Monaco de basketball en suspension de pagos se publicada …
In a press release released this Wednesday, Monaco's club announced that it had been placed at the end of payments. Another terrible news for the French champion of last season, now close to a judicial liquidation.
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