AS Monaco Receives 30% Luxury Tax Reduction from LNB
The French National Basketball League (LNB) has granted AS Monaco a significant 30% reduction on its Luxury Tax. This decision follows earlier considerations by the LNB to provide €500,000 to the Monegasque club due to its financial difficulties, an idea that was ultimately abandoned.
The Roca Team had been obligated to settle this tax since early January, having substantially exceeded the permitted salary cap of €8.5 million with an estimated payroll reaching over €13 million. Facing the serious threat of bankruptcy and a potential suspension from the LNB playoffs if the tax remained unpaid, this reduction offers crucial support for the club's financial stability.
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adidas NextGen EuroLeague : Le Pôle France connaît ses adversaires
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Tony Parker to Coach France U17 Team in Lyon Training Camp This May
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TV Schedule: Monaco vs. ASVEL on La Chaîne L'Equipe
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NBA: Darko Rajakovic Makes History as First European Head Coach in Playoffs
"So many players, so many coaches from ex-Yugoslavia, and especially from Serbia, have made this journey possible for me. Without all these successes in the national team, at club level, and without the individual successes of players and then coaches, I would never have reached where I am," c