The EuroLeague club has been banned from making transfers due to unpaid salary debts.
Source: basketnews.com
ASVEL has been barred by the EuroLeague from registering new players due to outstanding salary debts amounting to €300,000 owed to center Geoffrey Loverne, who is currently playing for Partizan.
During the offseason, ASVEL encountered significant financial difficulties and failed to confirm a planned budget exceeding €50 million, which resulted in the collapse of several transfer deals.
In response to the crisis, ASVEL president Toni Parker took over as head coach of the team, reducing his initial salary from €2 million per season by a factor of ten.
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