Vassilis Spanoulis Departs AS Monaco Amidst Financial Concerns

Vassilis Spanoulis, 43, has officially parted ways with AS Monaco, the club confirmed on Wednesday, March 11, 2026. The departure comes by mutual agreement, as the team faces mounting financial difficulties.

Financial Issues Prompt Spanoulis’ Resignation

Spanoulis resigned as head coach due to the unsustainable financial situation at AS Monaco. Unpaid players and increasing financial tensions created a challenging environment, contributing to a recent downturn in performance with seven losses in the last eight EuroLeague games [Source: Protothema].

Successful Tenure Cut Short

Despite the recent challenges, Spanoulis achieved significant success during his time with Monaco. He led the team to the EuroLeague final last year, where they lost to Fenerbahçe [Source: Protothema]. The team was also a strong contender for the top spot in the regular season until recently.

Continued Role with Greek National Team

Spanoulis will continue to serve as the head coach of the Greek national team, having led them to a bronze medal at EuroBasket 2025 [Source: Protothema].

Monaco’s Official Statement

AS Monaco Basket released a statement thanking Spanoulis for his “passion, energy, and dedication” to the organization. The club acknowledged his commitment to the team and its values [Source: Euroleague Basketball], [Source: Protothema].

Sergei Gladyr Takes the Helm

Sergei Gladyr will assume the role of head coach for AS Monaco, with Markoishvili serving as his assistant. Gladyr began his tenure with a win against Nanterre, securing Monaco’s qualification for the French Cup final against Le Mans [Source: Eurohoops].

Monaco will face Olympiacos on Thursday, March 12, without Spanoulis on the bench [Source: Eurohoops].