Cookie consent

We use cookies to improve your experience on this website. By continuing to browse our site you agree to our use of cookies. Tell me more | Cookie preferences

Ambitious Monaco promote technical director in management restructure

In the summer Monaco signed Argentine youngster Lucas Ocampos (right) for a reported $19m from River Plate.

Story highlights

  • French club Monaco promote Norwegian technical director Tor-Kristian Karlsen
  • Karlsen takes up roles of chief executive officer and director general
  • Ligue 2 club last won French league title in 2000
  • Russian billionaire Dmitry Rybolovlev bought majority stake in Monaco in 2011

AS Monaco have promoted their Norwegian technical director to chief executive as the Ligue 2 team announced a management restructure as part of their strategy to return the French club to former glories.

After buying a majority stake in the seven-time French champions in December 2011, billionaire Russian businessman Dmitry Rybolovlev has handed Tor-Kristian Karlsen, who before joining Monaco as technical director in March 2012 worked as a scout for Zenit St Petersburg, the dual role of CEO and director general.

The club won the last of their French league titles in 2000 and were Champions League runners-up in 2004, before they relegated to Ligue 2 in 2011.

However, Rybolovlev, who according to Forbes has a net worth of $9 billion and is the 13th richest man in Russian, has ambitious plans to revive Monaco.

    Just Watched

    PSG's push for football glory

PSG's push for football glory 05:16
PLAY VIDEO

    Just Watched

    Javier Pastore predicts PSG success

Javier Pastore predicts PSG success 04:10
PLAY VIDEO

In the summer Monaco appointed experienced Italian manager Claudio Ranieri as their new coach and signing promising Argentine youngster Lucas Ocampos for a reported $19m from River Plate.

As well as establishing a reputation as a scout who was capable of identifying emerging global talent, Karlsen was briefly Norwegian club Frekrikstad's sporting director between September 2008 and January 2009.

    "The management can now focus all its efforts on achieving sporting performance," Rybolovlev told the Monaco website.

    "I am delighted to welcome Tor-Kristian Karlsen to his new position of Director General and CEO -- he has exactly the right qualities and experience to drive the future performance of ASM."

    As part of the restructure, Dmitry Chechkin is to step down as vice-president, with that role to remain vacant.

    Monaco are currently second in Ligue 2, a point behind Dijon.

      Football Focus

    • After 20 years, more than 300 goals and a host of major honors, Thierry Henry has called time on his glittering football career.
    • He might be struggling to score goals for Liverpool, but Mario Balotelli's cheeky tweet about the British monarch hit the spot during the World Cup.
    • bpr south african soccor senzo meyiwa death _00000402.jpg

      Football world mourns South African captain Senzo Meyiwa who was shot and killed during a botched robbery in a township near Johannesburg.
    • German alleged jihadist Kreshnik B (R) listens to his lawyer Mutlu Guenal (L) as he arrives at the higher regional court in Frankfurt. His face is pixelated for legal reasons.

      Once part of Germany's largest Jewish sports club, now he's the first ISIS suspect to stand trial in a country left shocked by his alleged radicalization.
    • One goal in eight matches for new club Liverpool, and dumped by the Italian national team -- Mario Balotelli has yet to shine on his English return.
    • Ched Evans smiles during the Wales training session ahead of their UEFA EURO 2012 qualifier against England on March 25, 2011 in Cardiff, Wales.

      Should a convicted rapist, who has served their time in prison, be allowed to resume their old job? What if that job was as a high-profile football player?
    • Norwegian 15-year-old Martin Odegaard is the youngest player ever to feature in a European Championships qualifying match.