Monaco part company with coach Ranieri

AS Monaco announced on Tuesday that Italian coach Claudio Ranieri has left the club. Ranieri guided Monaco to second in Ligue 1 this season in their first year back in the top flight, earning them a place in the lucrative Champions League, but it wasn't enough.

Monaco part company with coach Ranieri
Claudio Ranieri parts company with Monaco. Photo: Jean-Christophe Magnenet/AFP

Monaco's vice president and general manager of the club Vadim Vasilyev revealed on Tuesday that Ranieri, who took over in 2012, will leave the big spending French club.

Ranieri was credited with guiding Monaco back to Ligue and lifting them to second place in their first season back. 

The club's Russian owner gave Ranieri bags of cash, which he spent on the likes of Radamel Falcao and Dmitar Berbatov, but they were unable to pip fellow big spenders PSG to the title.

But an automatic place in the Champions League was seen as a good achievement for Ranieri, however the owners wanted more.

They were unhappy at the shock defeat in the semi-final of the French cup at the hands of Guingamp.

"We have taken the decision to go our separate ways, but I want to pay tribute to Claudio. He really has done good work," Vasilyev told reporters on Tuesday.

"It was a difficult decision, but at this stage of our project, we needed to bring in new momentum. It's not the sporting or human aspect of things. I respect Ranieri his work a lot. The only thing, the Coupe de France defeat."

The club were keeping quiet on who they have lined up to replace Ranieri.

"I can't confirm the new coach. There are still some details to be worked out. That's not the subject. We want a more attacking game, to give even more pleasure to our fans. That's the ambition of the club," said Vasilyev.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.


Billionaire owner of Monaco football club taken into custody

The Russian billionaire owner of Monaco football club was in custody Tuesday, his lawyer confirmed, the latest twist in his legal battle with a Swiss art dealer who he claims cheated him of up to one billion dollars and Sotheby's auctioneers.

Billionaire owner of Monaco football club taken into custody
Dmitry Rybolovlev. Photo: AFP

The Russian billionaire owner of Monaco football club was in custody Tuesday, his lawyer confirmed, the latest twist in his legal battle with a Swiss art dealer who he claims cheated him of up to one billion dollars and Sotheby's auctioneers.

Police officers also carried out a search Tuesday morning of Dmitry Rybolovlev's luxury penthouse apartment in the principality, said a source close to the case.

Rybolovlev's lawyer Herve Temine confirmed the latest developments, while stressing the principle of the presumption of innocence.

Temine's colleague Thomas Giaccardi said the latest move came after the seizure and analysis of a mobile phone belonging to one of Rybolovlev's lawyers, Tetiana Bersheda.

Since 2015, Rybolovlev has been locked in a legal battle with Swiss art dealer Yves Bouvier, who he accuses of having swindled him out of up to a billion dollars, by charging inflated fees.

When Rybolovlev's lawyer Bersheda produced an audio recording from her mobile phone that she said supported his case, the investigating magistrate in the case ordered text messages from the same phone to be extracted.

That led to Monaco prosecutors opening a corruption investigation against Rybolovlev in 2017.

His legal team has repeatedly argued that this analysis of the phone was a violation of the lawyer-client confidentiality. That issue is still being fought out in court, but some of the compromising text messages have already been leaked to the French press.

On October 2 this year, Rybolovlev opened a new front in his legal battle, launching a $380-million (333-million-euros) lawsuit against Sotheby's auction house through the New York courts.

In it, he accused the auction house of having helped Bouvier, their art advisor, carry out “the largest art fraud in history” — at his expense.

Rybolovlev says Bouvier tricked him over the acquisition of 38 works of art he bought from him over a decade for more than $2.1 billion.

“He repeatedly and blatantly misrepresented the acquisition prices for the paintings,” pocketing the difference himself, says the lawsuit.

Sotheby's has dismissed the lawsuit as “entirely without merit”.

In November 2017, it filed its own lawsuit against Rybolovlev in Switzerland and is seeking to have the action in New York dismissed.