The AS Monaco Basket has declared bankruptcy and will officially dissolve this Wednesday, according to the club's announcement. The French entity thus closes a decade-long project that moved from the second division to the Final Four of the EuroLeague, even playing in a final in 2025, just four months before the announcement.
Kevarrius Hayes leaves AS Monaco after just one season where he helped secure four titles. The 29-year-old American center will join Partizan Belgrade, as reported by various specialized media.
AS Monaco Basket has obtained a postponement in its financial review until July 10, giving it additional time to provide evidence of potential investors in negotiations. The French court avoided declaring the club bankrupt, although it must secure new funding by June 30.