The Management Control Commission (MCC) has imposed a fine on AS Monaco for violating EuroLeague Financial Stability and Fair Play Regulations, specifically for failing to provide required financial information and breaching the shareholder contribution ratio requirement.
The Management Control Commission (MCC), an independent body responsible for overseeing the financial performance of clubs and ensuring compliance with relevant regulations, has concluded its review of AS Monaco's financial practices.
Following its assessment, the MCC has reached a settlement agreement with AS Monaco.
According to the official announcement, the club was found to have violated two specific provisions of the EuroLeague Financial Stability and Fair Play Regulations (FSFPR):
- Article 7: Failure to provide the EuroLeague with all necessary financial information required to assess compliance with FSFPR.
- Article 3f: Breach of the shareholder contribution ratio requirement.
AS Monaco / Schedule
As a consequence of these violations, AS Monaco has been issued an economic fine.
The specific amount of the fine was not disclosed in the official announcement.
Support BasketNews so we could make even better content.