Ambitious Monaco promote technical director in management restructure
September 10, 2012 -- Updated 1525 GMT (2325 HKT)
In the summer Monaco signed Argentine youngster Lucas Ocampos (right) for a reported $19m from River Plate.
- 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
(CNN) -- 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.
PSG's push for football glory
Javier Pastore predicts PSG success
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.
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.
Part of complete coverage on
June 19, 2013 -- Updated 1231 GMT (2031 HKT)
In Brazil many believe the World Cup has seen the rich line their pockets, while the poor make do with crumbling public services.
No European team has ever won a World Cup in South America, but that could likely change next year, says CNN's John Sinnott.
June 14, 2013 -- Updated 1950 GMT (0350 HKT)
Brazil's fans were ready to celebrate a first World Cup triumph, but what happened next has left a burning scar in the nation's psyche.
NN World Sport examines why racism continues to be a problem in football and what is being done to tackle discrimination.
June 13, 2013 -- Updated 1207 GMT (2007 HKT)
Germany's Under-21s may bowed out of the European Championship Finals in Israel, but their experiences left a lasting impression.
Be part of CNN's coverage of European Champions League matches and join the social debate.
CNN's James Masters has had a close look at the next generation of European football stars at the U21 championship in Israel.
June 6, 2013 -- Updated 1425 GMT (2225 HKT)
A former Palestinian player, once held without charge for three years, is campaigning for a boycott of Israel's staging of a major European tournament.
May 23, 2013 -- Updated 1052 GMT (1852 HKT)
When Germany's two biggest soccer clubs go head-to-head in the Champions League final, there can only be one winner: German industry.
May 22, 2013 -- Updated 1356 GMT (2156 HKT)
The Bundesliga model of sustainability is very much in vogue. But are Bayern Munich and Borussia Dortmund creating a dangerous duopoly?
May 23, 2013 -- Updated 1015 GMT (1815 HKT)
CNN takes an exclusive look at the venue of the Champions League final between Bayern Munich and Borussia Dortmund.
May 17, 2013 -- Updated 1710 GMT (0110 HKT)
David Beckham embraced his tag as a "gay icon" and has been credited with breaking the big taboo -- homosexuality in football.
May 13, 2013 -- Updated 0750 GMT (1550 HKT)
'King' Alex Ferguson is quitting Manchester United but the $3.17 billion brand will survive, according to experts.
May 7, 2013 -- Updated 1418 GMT (2218 HKT)
Italian football lags behind its other European rivals commercially, but newly-crowned Italian champions Juventus is showing Serie A clubs an example of revival.
April 24, 2013 -- Updated 1434 GMT (2234 HKT)
Luis Suarez's biting of Branislav Ivanovic is the latest episode of moments of madness when soccer stars behave badly.
March 29, 2013 -- Updated 0938 GMT (1738 HKT)
Sunderland's partnership with the Nelson Mandela Foundation is part of its bid to woo the African market.
March 28, 2013 -- Updated 1558 GMT (2358 HKT)
Each year as many as 700 Cameroonian young footballers leave Africa in search of a professional career abroad.
May 6, 2013 -- Updated 1201 GMT (2001 HKT)
Referees across Europe are feeling the heat. Insulted, threatened, chased off the field, attacked, hospitalized and, tragically, killed.
February 26, 2013 -- Updated 1225 GMT (2025 HKT)
Footballers have a battery of physios, fitness trainers and doctors all striving to fine-tune their physique -- but are they missing a trick?
June 10, 2013 -- Updated 1041 GMT (1841 HKT)
Hardcore Italian football "ultra" Federico is a Lazio supporter who happily admits directing monkey chants at black players.
Today's five most popular stories