REFILE-Soccer-Monaco to build 'Centre for Sporting Excellence', investing 55 mln euros
ByReuters
Published 16/01/2019 at 23:34 GMT
(Clarifies that 55mln euros is cost for Centre for Sporting Excellence)
PARIS, Jan 16 (Reuters) - Ligue 1 Monaco are investing in a brand new 'Centre for Sporting Excellence' featuring three football pitches, as well as a fitness and medical centre, the Ligue 1 club said on Wednesday.
The cost of the centre has been estimated at 55 million euros ($63 million) and it is expected to be open by the 2020-21 season.
President Dmitry Rybolovlev added that the 'premium boxes' at the club's Louis II stadium would be renovated and a dormitory for the youth academy players would be built.
"I am absolutely committed to making every effort to continue to take this Club forward over the long term," Rybolovlev said in a statement.
"We have already invested EUR 335 million in ASM, and the Club has started to make profits, which it is now able to reinvest in further development.
"Rumours about a potential change of ownership at the Club have been repeatedly denied. I believe that the projects presented today speak best about our long-term commitment to ASM."
Monaco lie second from bottom in Ligue 1 after stretching their winless run to four games with a 1-1 draw against Nice on Wednesday. ($1 = 0.8777 euros) (Reporting by Julien Pretot Editing by Toby Davis)
Join 3M+ users on app
Download
Scan me
Related Topics
Share this article
Advertisement
Advertisement