Rybolovlev Gets a Team

PARIS — Dmitry Rybolovlev will take over AS Monaco by the end of the year, the club's president said Tuesday.

"It's good news for AS Monaco and for French football in general," Etienne Franzi said after a hearing by the French League's financial watchdog.

Rybolovlev, 93rd on the Forbes list of billionaires, sold his stake in Uralkali for $6.5 billion in June 2010. Monaco was relegated from Ligue 1 at the end of last season and has only one win this term from 16 games.

(Reuters)

Read more