By Johnny Askounis/ [email protected]

The tumultuous summer surrounding Betclic Elite champions AS Monaco has taken yet another dramatic turn.

According to a report by L’Equipe on Wednesday, former NBA All-Star Jamal Mashburn has abruptly withdrawn his takeover bid. The 53-year-old entrepreneur, representing the Helen Holdings investment fund, missed a deadline to secure the €10 million in financial guarantees demanded by the French National Olympic and Sports Committee.

Faced with this sudden setback, management for La Roca Team quickly pivoted toward a previously sidelined rescue package. Finance