Multiple newspapers have claimed that Dmitry Rybolovlev is planning to sell AS Monaco, citing his unhappiness at the club’s current performance in Ligue 1.

His spokesman, however, denied the rumours of an impending sale, saying he is happy with his investment.

The Sun newspaper initially reported that he is considering selling up and investing in an English Premier League team, but the newspaper later corrected that story. The newspaper had claimed that Rybolovlev was courting investors from the United States and United Arab Emirates for a sale of AS Monaco. Le 10 Sport also reported that he has been receiving concrete buying interests.

Responding to the reports, Rybolovlev’s spokesman said there are no negotiations taking place. Dmitry Chechkin said, “Dmitry Rybolovlev has no plans of selling his share in AS Monaco. He considers this project both important and successful and is confident that it will continue as such.”

AS Monaco suffered another defeat in Ligue 1 on Tuesday, losing 1-0 to Angers in a match that saw no shots from Monaco players.