Monaco and ASVEL budgets revealed / News - Basketnews.com

Monaco has a €27.5 million budget (€13.1 million for players' salaries), while ASVEL disposes of a €21 million budget (€7.2 million for salaries).

Credit: AS Monaco Direction de la Communication / Stephane Danna Credit AS Monaco Direction de la Communication / Stephane Danna

The French basketball league (LNB) announced its clubs' budgets for the 2023-24 season, revealing the numbers of two EuroLeague teams, AS Monaco and LDLC ASVEL Villeurbanne.

LDLC ASVEL Villeurbanne / Schedule

Crvena Zvezda Meridianbet Belgrade LDLC ASVEL Villeurbanne94-73 LDLC ASVEL Villeurbanne Partizan Mozzart Bet BelgradeThu18:00 Anadolu Efes Istanbul LDLC ASVEL VilleurbanneTue17:30

Monaco set a new club record, having a €27.1 million budget. €13.1 million will be spent on players' and coaches' salaries. For comparison, Monaco had a €20.7 million budget last season, of which €10.8 million was spent on salaries.

Meanwhile, ASVEL also increased its budget, as it went from €15.8 million last year to €21 million this season. ASVEL spent €4.2 million for players last campaign, while this season, the number increased to €7 million.

In ASVEL's case, the budget increase is mainly due to the arrival of a new sponsor, Skweek, which brought in €7 million in seasonal income. Also, the new Decimes Arena, which is scheduled to host 13 Euroleague games, had a positive impact.

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