He ASVEL Villeurbanne was going to be one of the new rich of the next season in the Euroleague 25/26. After being more out of the competition than in the competition due to their poor sporting performance in recent seasons and their financial problems, it seemed that the French They would put together a super team in which Tony Parker is going to exercise coach until 2030 after majority shareholder and president.
Even more so with the signings what they were doing: the Gauls have taken Sylvain Franciscoone of the most coveted bids on the European market, Armoni Boorks and Nick Weiler-Babb so far in the summer market, players with a certain cachet in the old continent and whose salaries are not exactly the cheapest. But now it seems that he will have to reduce his ambition. They were also associated with two top-level French players such as Timothé Luwawu-Cabarrotwhich will end, if nothing strange happens, in the real Madrideither Gerschon Yabuselewho has signed for the Panathinaikos.
The partner who was going to contribute the capital does not offer guarantees
For this to happen, the French-speaking team reached an agreement without partner What was I going to contribute? more than half of the new budget. However, on this Thursday afternoon, L’Equipe has brought to light the news that This new partner did not offer sufficient guarantees to the National Directorate of Management Control and Advisory Services (DNCCG), even after ASVEL requested an extension.
Punter tries to score a basket in the game against ASVEL.
After being denied the request for that budget, the French media points out that the ASVEL has prepared a plan B which has 24 million budget, six million more than those the entity had last year. A figure that remains much lower than initially proposedsomething for which Tony Parker keep fighting to get. To do this, the legendary former French point guard and new club coach keep negotiating to try to get new partners.
From being a foot and a half out of the Euroleague to signing the extension license
The French team has been immersed in serious problems this season. Furthermore, it was fined for the organization of the maximum continental competition due to its little expensethus skipping the ‘fair play‘financial of the tournament: the French entity did not meet the minimum spending requirement of 80% on the first day of the season.
Tornike Shengelia tries to score against ASVEL in the Palau match.
His level on the hardwood did not match, since he could only add eight wins in the 38 days of the regular league of the Euroleague. His immersion in BCLFIBA’s top European competition, seemed to be taken for granted, even more so with the NBA Europe on the horizon. But the club, with future plans truncated for now, decided to sign the 10-year extension of the license in the Euroleague.