He multimillionaire Russian Dmitry Rybolovlev is evaluating the possibility of selling shares in the French club Monaco.
Rybolovlev He has been the majority owner of the team since 2011.
After the newspaper Les Echos reported that the fertilizer magnate was open to selling the club and that he asked the Raine Group to work on a project for a partial or total sale, a representative from the family office confirmed. Rybolovlev.
“The majority partner of AS Monaco has decided to begin the process of exploring alternative strategies for his shares in the club after receiving an unsolicited offer“, the representative told The Associated Press in an email. “The senior partner has requested the services of The Raine Group to serve as exclusive financial advisor in this matter.”.
Rybolovlev He testified this month in New York after filing a lawsuit against Sotheby’s, accusing the bookmaker of cheating him out of tens of millions of dollars by selling him famous works at high prices. In total, Rybolovlev spent $2 billion on art between 2002 and 2014 to build a world-class art collection.
In 2018, Rybolovlev He was included in the list of 114 Russian politicians and oligarchs revealed by the Trump administration as being close to Russian President Vladimir Putin.
But he was not part of the list of Russian oligarchs sanctioned after Russia’s attack on Ukraine.
Monaco It is one of the most successful clubs in the French league. The principality’s team has won eight league titles, as well as the French Cup five times. They also played in the Champions League final in 2004 and lost 3-0 to Porto.
Source: Gestion
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