From EuroLeague final to bankruptcy: Monaco Basketball Club ceases operations

Monaco Basketball Club is ceasing operations after falling into a severe financial crisis. The Monegasque club has entered insolvency proceedings and announced its withdrawal from the professional scene, just one year after reaching the EuroLeague final.

The difficult news comes after months of serious financial problems, which have ultimately made it impossible for the club to continue operating.

Just a few months ago, Monaco competed in the EuroLeague playoffs, where they were eliminated by Olympiacos in the quarter-finals. A year earlier, the team were European runners-up after losing the EuroLeague final to Fenerbahce.

In an official statement, the club confirmed that it is undergoing insolvency proceedings:

“Dear Roca family, today is a sad day. Despite all the efforts made, Monaco is in insolvency proceedings. The club will withdraw with the hope of finding a path towards restructuring and one day restarting the project.”

Monaco emphasised that they hope the current ending will not be permanent and that the club will find a way to return to the big stage in the future.