---
title: "After a Season with 4 Trophies: French Champion Declares Bankruptcy"
description: "Monaco basketball club announced bankruptcy and suspension of activities due to debts of 27.8 million euros after a triumphant season with four trophies."
date: 2026-10-07T17:58:00.000Z
lang: en
url: https://xab.info/en/posts/monaco-basketball-club-declares-bankruptcy
tags: [basketball, monaco, bankruptcy, france]
publisher: "XAB.info"
---

# After a Season with 4 Trophies: French Champion Declares Bankruptcy

![Monaco basketball team on the court](https://xab.info/media/2026/10/07/basketbolnyy-klub-monako-obyavil-o-bankrotstve/basketbolnyy-klub-monako-obyavil-o-bankrotstve-1.webp)

## 🎯 Key Points

- French basketball flagship Monaco has initiated bankruptcy proceedings and suspended operations.
- The total amount of club debt to creditors and employees reached 27.8 million euros.
- Bankruptcy occurred immediately after the historic 2025/26 season where the team won 4 national trophies.
- The team was led to the championship by Ukrainian coach Sergiy Gladyr, with Maxim Klitschko playing on the roster.

The Monaco basketball club has officially initiated bankruptcy proceedings and temporarily suspended its operations. This shocking news comes just months after a triumphant 2025/2026 season during which the team captured four prestigious national trophies. Club management emphasizes that this measure does not mean the final closure of the project, but rather a forced step to undergo deep restructuring and attempt to revive the team in the future on a more sustainable financial foundation.

### Financial Crisis and Loss of Professional Status

The catalyst for such a dramatic fall of French basketball's flagship was catastrophic debt, totaling 27.8 million euros owed to employees, sports leagues, and other creditors. Due to a lack of sufficient economic viability guarantees, the National Basketball League of France (LNB) decided back in July to exclude Monaco from professional competitions for the 2026/2027 season. Subsequently, the French Basketball Federation and the National Olympic Committee (CNOSF) upheld these strict sanctions, depriving the club of the right to play even in the country's third division (Nationale Masculine 1).

### Sporting Triumph on the Domestic Arena

The organization's collapse looks especially dramatic against the backdrop of the Roca Team's unprecedented athletic achievements in the previous season. Domestically, the Monegasques completed a golden quadruple by winning the French Supercup, Leaders Cup, French Cup, and the league championship. In a tense five-game playoff final series, the team defeated Paris Basketball to claim the title for the third time in history while completing the domestic calendar undefeated.

### Ukrainian Trace and Prospects

It is worth noting that the team was led to its final triumphs by Ukrainian specialist Sergiy Gladyr, who took charge in March 2026 following Vassilis Spanoulis's departure and successfully guided the season to a championship title. Additionally, 21-year-old Ukrainian center Maxim Klitschko, son of Kyiv's mayor, was part of the club system and debuted for the senior squad. Despite the ongoing bankruptcy proceedings, the club retains a theoretical opportunity to appeal the ban from professional tournaments in the Paris Administrative Court, where the appeal review could conclude in November.

## 🔍 Fact-Check Verification

- [После сезона с 4 трофеями: чемпион Франции объявил о банкротстве](https://sport.rbc.ua/ukr/basketball/pislya-sezonu-4-trofeyami-chempion-frantsiyi-1791395735.html) - Официальное заявление клуба о банкротстве и долгах на 27,8 млн евро.
- [ОФИЦИАЛЬНО. Чемпион Франции объявил о банкротстве](https://sport.ua/news/913525-ofitsialno-chempion-frantsii-obyavil-o-bankrotstve) - Подтверждение информации о прекращении деятельности команды.
- [Крах баскетбольного флагмана: «Монако» грозит банкротство из-за пропажи владельца](https://www.kp.ru/sports/basketbol/krah-basketbolnogo-flagmana-monako-grozit-bankrotstvo-iz-za-propazhi-vladelcza/) - Подтверждено по источнику kp.ru
- [«Монако» избежал немедленного банкротства, суд перенёс дело на июнь](https://www.championat.com/basketball/news-6417994-monako-izbezhal-nemedlennogo-bankrotstva-sud-perenyos-delo-na-iyun.html) - Подтверждено по источнику championat.com

## ❓ FAQ

### Q: Why did Monaco declare bankruptcy?
**A:** The club accumulated 27.8 million euros in debt and failed to secure a license to participate in French professional competitions for the 2026/27 season.

### Q: What were the team's successes before bankruptcy?
**A:** In the 2025/26 season, Monaco won four national trophies: the Supercup, Leaders Cup, French Cup, and championship title.

### Q: Which Ukrainians worked at the club?
**A:** Sergiy Gladyr coached the team to the championship, and 21-year-old center Maxim Klitschko played for the main roster.