Football: Monaco back up Champions League triumph to go top of Ligue 1

Ben Seghir celebrates his goal, Monaco's second, with Akliouche during a 3-1 victory over Le Havre.

AS Monaco avoided the Champions League hangover to beat Le Havre (3-1) at the Stade Louis II on Sunday and go top of Ligue 1. 

There was a feeling of the day after the night before at the Stade Louis II. After the euphoria of Thursday night, where Monaco signed their return to the Champions League with a victory over Barcelona, it was a quieter affair as they welcomed Le Havre.

There is always a fear after such big European nights that there will be a drop-off but early on there didn’t look to be a question of that being the case as Les Monégasques raced into a lead through an unexpected source – Jordan Teze. The summer signing was in the right place to tap home Takumi Minamino’s ball across the goal line.

However, thereafter, there was evidence of a hangover as the intensity dropped and Le Havre were allowed to gain a foothold in the game. “I had the feeling that we allowed the game to slip out of our hands. We were too passive,” analysed Adi Hütter post-match.

Disallowed goal ‘the turning point’

Daler Kuzyayev netted a deserved equaliser for Le Havre, mid-way through the first half as Monaco, through their new-look midfield duo of Lamine Camara and Soungoutou Magassa failed to exert the levels of control so often evidenced by the Principality club this season.

It didn’t come as a huge surprise when both gave way at half time, replaced by captain Denis Zakaria and Eliesse Ben Seghir. Whilst those substitutes would pay dividends, they would not do so immediately.

Upon the return from the dressing room, Monaco were given a scare as Josué Casimir gave the visitors a surprise lead, latching onto Yassine Kechta’s through ball and finishing past Philipp Köhn.

However, the game was ruled out for a minute offside. “It was the turning point in the match,” reflected Le Havre manager Didier Digard post-match. Monaco were patient in the second half and their patience, as well as their intense pressing, was rewarded.

Wilfried Singo won the ball back high in the La Havre half, feeding Ben Seghir, who still had plenty to do, but cut inside and launched an impressive curled effort past Arthur Desmas and into the top corner.

Balogun ends unwanted run

Monaco effectively ended the game moments later. Once again, it was a ball recovery deep inside Le Havre’s side, this time from Zakaria, which created the opportunity. He fed George Ilenikhena, who found Folarin Balogun. The USMNT forward, short on confidence having not yet scored this season, took the first-time finish well.

That goal brought an end to an unwanted record for Balogun, whose last goal at the Stade Louis II came against Olympique de Marseille on 30th September 2023. “Today is like a weight off his chest. It’s a really nice feeling for him,” said Hütter.

Monaco succeeded in seeing the game out, avoiding a potential banana skin and going top of the table after Paris Saint-Germain drew to Stade de Reims on Saturday evening.

“First of all, I’m really happy for his victory. It is a very important one when you see the results from yesterday. But I wasn’t happy; it wasn’t our best performance today. These are the most difficult games, the ones that follow wins against [the likes of] Barcelona,” said Hütter.

Described as “an important step” by CEO Thiago Scuro, this victory could be a key one if they are to challenge PSG for the Ligue 1 title.

 

Monaco Life is produced by real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on Threads,  Facebook,  Instagram,  LinkedIn and Tik Tok

Photo source: AS Monaco / Icon Sport

SBM details strong financial results alongside major renovation and expansion projects

Stéphane Valeri, President of Monte-Carlo Société des Bains de Mer (SBM), on Friday shared the company’s impressive financial performance and detailed an ambitious roadmap for 2024/25, highlighting both local and international development projects.

For the first time, SBM’s revenue surpassed €700 million, reaching €704 million in the past fiscal year (1st April 2023 to 31st March 2024), compared to €667 million the previous year. This revenue is divided between hotels and restaurants (50%), gaming (over 30%), and real estate (under 20%), with hospitality emerging as the primary driver. Operating profit also saw a slight increase, rising from last year’s record €72.2 million to €73.16 million. Consolidated net income jumped to €103.9 million, largely due to a €36.9 million boost in financial income. 

Looking ahead to 2024/25, SBM recorded a 7% increase in first-quarter revenue, bringing the total to €218.4 million. The hotel sector stood out, posting €130 million in revenue, up €19 million from the same period last year. The growth was attributed to the reopening of the Amazonico restaurant and the newly renovated Café de Paris, which now performs 40% better than pre-Covid figures. 

On the sustainability front, Valerie said that SBM is taking significant strides to reduce its carbon footprint. The company now generates all its heating and cooling energy through geothermic systems and has introduced more electric and hybrid vehicles to its fleet.

Expanding internationally: Courchevel, cruise casinos, and new restaurants

SBM’s international development is in full swing. In Courchevel, renovation work on the Palace des Neiges is moving forward, with Herzog & de Meuron leading the project. Construction is set to start in April 2024, with the Monte-Carlo One Courchevel slated to open in time for the 2026 winter season. Valeri expects this property to generate significant profits, especially with the 2030 Winter Olympics taking place nearby, making Courchevel an Olympic resort.

SBM is also launching its first Monte-Carlo casino aboard the Crystal Symphony cruise ship in Venice on 14th November. Another ship will follow in the Caribbean by the end of the year. SBM will manage the casino operations, from croupier training to game selection, earning a percentage of gaming profits without financial risk.

A new Monegasque restaurant brand, Monte-Carlo Club 1863, will also debut internationally. Partnering with Dream, a luxury dining group, the first restaurant is set to open in Dubai in autumn 2025. The menu will feature Monegasque classics and Mediterranean dishes with French and Italian influences, accompanied by iconic images of Monaco.

Monaco projects and new openings

SBM’s development focus remains in Monaco, said the head of SBM, with several major projects in the pipeline. Renovations at the Hôtel Hermitage and Monte-Carlo Beach are planned, while the Terrasses du Casino project, which encompasses the land around the famous Casino Square and includes the buildings housing the Rothschild Bank and the Thermes Marins Monte-Carlo, will create luxury residences, a spa and retail spaces by late 2030/early 2031, after the Rothschild bank relocates.

Exciting new venues are also set to open. Moods, an “affordable” winter club featuring live music, comedy, and a menu by two Michelin-starred Chef Marcel Ravin, will reopen on 30th November. Marlow, an English-style restaurant and bar, will open in January 2025 in the new Mareterra district. Additionally, The Monte-Carlo Cigar Club, set to open in the spring of 2025, will be an exclusive and luxurious venue located in the historic office of SBM founder François Blanc, within the Casino de Monte-Carlo. The club will offer a high-end experience for cigar enthusiasts, featuring a carefully curated selection of premium cigars. Partnering with Dominique London, a luxury cigar and spirits expert, the club aims to become one of the world’s most prestigious cigar lounges, providing a refined atmosphere for tastings and special events.

Finally, Stéphane Valeri revealed that SBM is a candidate to oversee the reconstruction of the Le Méridien hotel in Monaco. However, since the land is state-owned, the project will be awarded through a competitive bidding process, which SBM fully expects to participate in.

Monaco Life is produced by real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on Threads,  Facebook,  Instagram,  LinkedIn and Tik Tok

Photo source: Monte-Carlo SBM