Threatened with demotion, the CSP was confirmed in the first division by the league’s financial watchdog, who also ordered a regulation of the Rhone payroll.
The financial policeman of the National Basketball League (LNB) confirmed on Friday the commitment of Limoges CSP to the Elite, saved after the arrival of a new shareholder, and imposed a limitation on the payroll at Asvel. Meeting on June 25, the higher management council of the LNB ratified the decision taken on June 13 by the National Directorate of Management Consulting and Control (DNCCG) to finally authorize the 1993 French champion club to participate in the season 2024-2025.
The DNCCG had initially downgraded it to amateurs due to its financial difficulties, before revising its decision after majority shareholder Céline Forte handed over to Lionel Peluhet, an Intermarché store boss who injected 1.6 million euros of his own money to cover the deficit.
Read alsoBasketball: Historic Limoges CSP will ultimately remain in the first division
Like other clubs, including French champion Monaco and runner-up Paris, CSP will not be able to exceed the budgeted payroll during the season without the agreement of the financial watchdog. The latter has, however, limited Asvel’s payroll to 80% of the amount that the club has offered, with the remaining 20% being able to be released by mid-September. The Villeurbanne club has announced a reduced budget for 2024-2025 due to the financial difficulties of the Skweek broadcasting platform, one of its main partners this season.
Official end for Mets 92
Finally, the meeting of the Higher Management Council definitively confirmed Boulogne-Levallois’ refusal to commit to Pro B (2nd division). The Mets 92, 2023 French vice-champions with Victor Wembanyama, had indicated to the body in mid-May that they refused to register in Pro B, where they were relegated, a decision that puts an end to their professional team.
Businessman Luc Dayan, former president of football clubs (Lens, Strasbourg, Nantes), then submitted a takeover plan to the town hall of Boulogne-Billancourt, owner of the club, but the discussions did not come to anything.
