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L’Équipe are reporting that there is no such thing as a progress within the reported AS Monaco sale course of. As reported by Les Echos and confirmed by Get French Soccer Information again in January, proprietor Dmitry Rybolovelv has mandated The Raine Group to function a monetary advisor.
A press release from a consultant of the Rybolovlev household workplace learn as follows:
The bulk shareholder of AS Monaco (the “Membership”) has determined to start a course of to discover strategic options for its stake within the Membership after receiving unsolicited inbound curiosity. The bulk shareholder has retained The Raine Group (“Raine”) to function its unique monetary advisor on this matter. Raine has vital expertise working with the world’s greatest soccer golf equipment on a variety of assignments. There will be no assurances that the strategic overview will lead to any transaction involving the Membership and we don’t intend to make any additional bulletins concerning the strategic overview presently.
Monaco sale earlier than finish of season is unlikely
Rybolovelv grew to become Les Monégasques’ majority shareholder again in December 2011, buying a 66% share within the membership. For the reason that announcement that Rybolovlev was exploring “strategic options for [his stake]” the Russian has turn into more and more current on the Principality membership, travelling for all house and away matches.
L’Équipe now report that there was no appreciable course of within the sale course of, that means that it’s unlikely {that a} sale will probably be accomplished between now and the tip of the season.
GFFN | Luke Entwistle
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