Monaco are expected to receive approval to compete in the 2026/27 LNB Pro A season after submitting the final financial documents required by the French Basketball Federation’s Appeals Chamber.
According to L’Equipe, the takeover group led by former NBA All-Star Jamal Mashburn has provided the necessary guarantees, including a bank guarantee estimated at approximately €7 million.
Unless there is an unexpected late development, Monaco’s revised plan is expected to be approved on Friday, allowing the French champions to retain their place in the Betclic Elite.
Monaco initially denied entry
Monaco were initially denied entry into France’s professional competitions by the DNCCG on July 3 after the financial regulator determined that the club’s economic guarantees were insufficient.
The original takeover proposal, led by Mashburn and a group of American investors, projected a budget between €10 million and €12.5 million. However, the plan was considered too uncertain at the time.
The club was subsequently given additional time to strengthen its financial package and demonstrate that the new ownership group could support Monaco on a sustainable basis.
The bank guarantee was one of the key requirements for the appeal.
Mashburn to lead Monaco’s new era
The takeover is expected to be completed through Helen Holdings, an investment vehicle and family office founded by Mashburn.
Helen Holdings previously entered European sports and arena investments when it became a partner of venue investment and operating platform Nextstage in January 2026.
Mashburn is expected to become the leading figure in Monaco’s new project, while executive director Oleksiy Yefimov is set to remain with the club and oversee the transition.
The agreement would also bring an end to Alexey Fedorychev’s ownership of Monaco. Fedorychev, who became the club’s owner and main financial supporter in January 2022, has reportedly agreed to sell his shares as part of the restructuring.
Monaco’s budget set to fall from €38 million to €12.5 million
The new ownership group is expected to operate with a significantly smaller budget.
Monaco spent more than €38 million during the 2025/26 season, but the club’s projected operating budget under Mashburn is expected to be around €12.5 million.
The dramatic reduction will force Monaco to adopt a different sporting model after several years of operating with one of the most expensive rosters in European basketball.
Financial uncertainty has already affected the club’s summer, with Monaco losing several important players from last season’s team.
The club were also moved from the EuroLeague to the EuroCup after reaching the EuroLeague playoffs in five consecutive seasons.
Monaco government expected to remain involved
The Monegasque government is also expected to play a more direct role in the club’s future.
The Principality provided substantial short-term financial support to help Monaco complete last season. Reports placed that assistance at more than €16 million, while previous estimates regarding the club’s total financial support and outstanding obligations were even higher.
The government is not expected to demand immediate repayment of the entire amount and could eventually acquire an ownership stake in the club.
Such a structure would give the Principality a formal role in Monaco’s management while providing additional stability alongside Mashburn’s investment group.
