Paris Basketball's budget went from €9.25 million to almost €18.9 million, while LDLC ASVEL Villeurbanne suffered a 22.8% year over year budget loss.
The French Basketball League (LNB) released the annual financial report, which highlighted the changes in teams' budgets, including three EuroLeague teams - AS Monaco, LDLC ASVEL Villeurbanne, and Paris Basketball.
LDLC ASVEL Villeurbanne / Schedule
The EuroLeague's newcomers, Paris Basketball, took matters seriously and more than doubled their budget, BeBasket cites league's documents. The French capital team's budget went from €9.25 million to €18.885 million.
AS Monaco also increased their budget, going from €27.51 million to €29.375 million and marking a 6.8% increase in year-over-year numbers.
ASVEL, meanwhile, were one of only four teams in the LNB who decreased their budget compared to the 2023-24 season. Largely due to the struggles of one of the club's main sponsors, SKWEEK, the budget decreased from €21 million to €16.22 million, a 22.8% decrease.
Paris surpassed ASVEL in the player payrolls as well, as the reigning EuroCup winners will dedicate €5.625 million for salaries, while ASVEL will allocate €5.584 million.
Monaco remain the kings of salaries, spending more than double that of Paris or ASVEL, as €14.747 million will be spent on paying the players of the Roca Team.
BUDGETS | ||||||
Team | 23-24 Budget | 24-25 Budget | YoY Change | 23-24 Payroll | 24-25 Payroll | YoY Change |
AS Monaco | €27,511,000 | €29,375,000 | 6.8% | €13,099,500 | €14,747,000 | 12.6% |
LDLC ASVEL Villeurbanne | €21,011,000 | €16,223,000 | -22.8% | €7,218,500 | €5,584,000 | -22.6% |
Paris Basketball | €9,250,000 | €18,885,000 | 104.2% | €2,850,000 | €5,625,000 | 97.4% |