Soccer-AS Monaco bids for majority stake in Belgian club

SOCCER-BELGIUM/ASMONACO-CERCLEBRUGES:Soccer-AS Monaco bids for majority stake in Belgian club

BRUSSELS, Feb 16 ( Reuters) - French League 1 side AS Monaco has made a bid for Belgian second division club Cercle Bruges, which it hopes can help in the development of younger players.

Cercle Bruges, a lesser known city rival of Belgian champions Club Bruges, were relegated from the country's top competition in 2015 and are currently sixth in the second tier.

"This project forms part of AS Monaco's development strategy focused on young talent, and would give the club the benefit of expertise from the 'Belgian school'," AS Monaco said in a statement late on Wednesday.

While the offer was still conditional on shareholder approval, Cercle Bruges said a deal could be finalised in the coming weeks.

French league leaders AS Monaco have already loaned out young players such as defender Mehdi Beneddine and forward Tafsir Cherif to Cercle and said the aim was to build on this exchange.

"Eventually, the project will provide an additional stage in the development of young players from the AS Monaco Academy, between the reserve team and AS Monaco's first team," the club said.

No financial details were disclosed. (Reporting by Robert-Jan Bartunek; Editing by John O'Brien)

(This story has not been edited by economictimes.com and is auto–generated from a syndicated feed we subscribe to.)
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Sports › Soccer-AS Monaco bids for majority stake in Belgian club
Text Size:AAA
Success
This article has been saved

*

+