A rainy day in the Principality, in every sense.
Monaco’s Commercial Section of the Court of First Instance delivered its verdict on Wednesday morning on the club that has dominated French basketball over the past decade.
AS Monaco Basket has been declared insolvent, opening the way to liquidation.
A judge will now be appointed to oversee the proceedings.
It is a bleak end for one of French basketball’s leading clubs.
“The date on which the club ceased payments has been…