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ASVEL Explains Budget Revision After Sylvain Francisco Exit

Summary by TalkBasket.net
LDLC ASVEL Villeurbanne has publicly addressed the financial situation that led to the departure of star guard Sylvain Francisco, confirming that a revised budget for the 2026-27 season forced the club to adjust its plans despite its long-term ambitions. The French club released a statement on Thursday explaining that its shareholders had finalized a new […] The post ASVEL explains budget revision after Sylvain Francisco exit appeared first on T…

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Villeurbanne ASVEL president and head coach Tony Parker confirmed that Sylvain Francisco has left the club and briefly commented on the uncertainty at the French club.

·Vilnius, Lithuania
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On Thursday, July 30th, Tony Parker, president and coach of the ASVEL, announced Sylvain Francisco's departure, only a month after his arrival. In serious financial difficulties, the Villeurbanne club is not able to assume the player's substantial salary.

·Paris, France
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The week ending shook the elite of the French basketball team: Tony Parker's ASVEL, who was counting on a record budget of 60 million euros, will have to settle for 24 million, while Monaco,

ASVEL's owner and future coach, Tony Parker, responded to the crisis of the urban club.

On Wednesday 29 July, the National Directorate of Management Consulting and Control (DNCCG), the financial constable of the National Basketball League, validated the budget of the ASVEL for the 2026-2027 season. Because the ambitions of its president, Tony Parker, have been revised to [...] The article "A difficult stage point": Tony Parker explains on the budget of the ASVEL, revised downwards for the 2026-2027 season appeared first on Lyon Cap…

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L'ÉQUIPE broke the news in Boulogne-Billancourt, France on Thursday, July 30, 2026.
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