Will Dmitri Rybolovlev part ways with his football club? The idea is now on the table. The president of AS Monaco has in fact mandated the investment bank Raine as “exclusive financial advisor” for a possible sale.
“Following the receipt of unsolicited interest, the majority shareholder of AS Monaco has decided to initiate a procedure in order to explore strategic alternatives for its participation in the club”, also indicated on Sunday evening the “ family office” of the Russian billionaire, thus confirming information from the daily The echoes.
A still hypothetical sale
Raine is an international investment bank, dedicated to investment and advice in the technology, media, telecommunications sector as well as the world of professional sport. According to Rybolovlev’s family office, Raine even has “considerable experience working with the world’s biggest football clubs on a range of assignments.”
If, through this action, Rybolovlev opens the possibility of selling his shares in the club, he nevertheless indicated, at the end of his press release, that “no guarantee is given as to the conclusion of a transaction involving the club at the end of the year.” “outcome of this strategic review”. The family office also concluded that it did not intend “for the time being to make further comments on this subject”.
In December 2011, the company Monaco Sport Invest (MSI), belonging to Dmitri Rybolovlev, took control of AS Monaco to the tune of 66.67% of the shares. The 33.33% still belongs to the club association, that is to say to the Principality.
Monaco is currently fourth in the French Ligue 1 championship and qualified for the round of 16 of the Coupe de France.