Lyon, May 20, 2025 (AFP) - Tony Parker's French club 'not viable', auditing body says

NAMPA / AFP

2025-05-20

ASVEL Basket, the French basketball team majority owned by former NBA star Tony Parker, has parlous finances and is "not viable over the long-term", a public accounting body said in a report Tuesday. It has been in the red for three out of five financial reporting periods, despite injections of money from its shareholders and 3.3 million euros ($3.7 million) in state aid received during the Covid pandemic, the regional CRC accounting oversight bo......

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