Monaco’s football club is looking north for a new partnership, by offering to buy a majority stake in the historic club of Belgian football, Cercle Brugge, to benefit from the Belgian school of youth development.
The second-tier Belgian outfit has caught the eye of Monaco – currently top of France’s Ligue 1 – as the club looks to the future.
“AS Monaco FC wishes to announce that it has made a purchase offer … to acquire a majority stake in the club Cercle Brugge KSV,” AS Monaco said in a statement.
Adding that the endeavour will provide an additional stage in the development of young players from the AS Monaco Academy, between the reserve team (in the CFA division) and AS Monaco first team, Monaco also claimed, “The primary objective will be to achieve promotion to the Belgian first division.”
Cercle Brugge were relegated last season and need outside investment to maximise its chances of returning to the top flight.
“It is an open secret that healthy business in First Division B of professional football in Belgium is not easy, partly due to the limited revenue from television fees and the limited media attention and by the high operational costs,” the announcement also said.
This venture is part of AS Monaco’s strategy for developing young talent and a general meeting of Cercle Brugge’s shareholders will take a decision by the end of February.
The 100% Business Class airline La Compagnie is back operating flights between Nice and New York, but this time it has a new aircraft that uses less fuel. And they’re not the only ones.
The Monaco Economic Board has accomplished three missions with three very different entities, starting with a trip to the United States, followed by two locally-based forums with Vietnam and Djibouti.
As the new head chef of Elsa, Mélanie Serre is discovering the joys and challenges of creating 100% organic dishes. But as Monaco Life discovered, this girl certainly knows how to pack in the flavour.
A paediatric cancer research team at the Scientific Centre of Monaco is behind exciting new research that shows brain cancer stem cells can be reprogrammed to better respond to treatment.
Monaco welcomed four new Ambassadors to town this week, given a warm reception by first the Prince, then by the Minister for External Relations and Cooperation, who treated them to lunch.
Artificial tide pools were created in 2019 at water level in front of the Fontvieille Port as part of the government’s ongoing ecological restoration programme. The first results have just been revealed.
The Betclic Elite regular season has wrapped-up and AS Monaco Basketball’s defeat against Cholet was ultimately inconsequential to the final ranking, as they prepare to face Strasbourg in the play-offs.
Francesco Totti is the latest blockbuster name to be confirmed for next Tuesday’s World Stars Football Match, joining a whole grid’s worth of Formula 1 greats, both past and present.
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Following the success of the first Défi Solidaire (Solidarity Challenge), initiated by the Directorate of International Cooperation (DCI) in June 2016, the government is launching a new edition of the challenge in which members of the administration will be able to participate, from June 12 to 30.
This year, the Défi Solidaire will allow each official and state agent to vote for micro-entrepreneurs of their choice through the Babyloan platform, a partner of the government. Projects with the highest number of votes will receive microcredits.
The amount of €28,000, allocated by the DCI, will be supplemented by the €22,000 loaned in 2016 and already reimbursed. Thanks to this system of reinjecting funds, more than 100 micro-entrepreneurs will be supported.
“Operation Babyloan” in 2016 attracted 800 voters over one month and as a result 52 projects were selected and financed by the DCI to the tune of €22,000. Four additional projects were financed with the first amounts reimbursed and 100 percent of loans have been repaid.
An information meeting was held on Monday, May 29, in the presence of Arnaud Poissonnier, Founding President of Babyloan. More than forty people participated, demonstrating their interest in social entrepreneurship. Babyloan, the first European solidarity lending site, allows people with very low incomes who are excluded from the traditional banking system to access a microcredit of €400 to €800 to set up or develop a small business.