Russian Tycoon Rybolovlev to Explore Monaco Football Club Sale

Billionaire Dmitry Rybolovlev has hired an advisory firm to study the possibility of a sale of his controlling stake in AS Monaco football club amid interest from potential buyers.

French newspaper Les Echos reported on Sunday that Rybolovlev — one of a few Russian tycoons who is not under sanctions as he left the country over a decade ago — got at least two proposals to sell his stake from American investors last year.

Dmitry Rybolovlev

Photographer: Jeenah Moon/Bloomberg

Rybolovlev’s company appointed investment bank Raine Group to serve as its exclusive financial adviser as it explores “strategic alternatives for its stake in the ...