Monaco sack vice-president Vadim Vasilyev

MONACO - MAY 03: Vadim Vasilyev (L) watches on during the UEFA Champions League Semi Final first leg match between AS Monaco v Juventus at Stade Louis II on May 3, 2017 in Monaco, Monaco. (Photo by Michael Steele/Getty Images)

Vadim Vasilyev has been dismissed from his role as vice-president and general manager at AS Monaco on the back of a terrible season.

The Russian businessman has been at Monaco since 2013, where he started out in an advisory role and quickly took on the role of vice-president and later general manager.

In his time at the Principality, Vasilyev helped Monaco return to top-flight football in France and later go on to win the 2016/17 Ligue 1 campaign and reach the Champions League semi-finals for the first time since 2004 in that same season.

But Monaco’s success proved to be short-lived with star men in Kylian Mbappe and Benjamin Mendy sealing lucrative moves away to Paris Saint-Germain and Manchester City respectively.

And last summer saw Fabinho join Mendy in the Premier League at Liverpool and Thomas Lemar head off to La Liga giants Atletico Madrid.

This has left Monaco vulnerable with the club currently down in 18th in Ligue 1 after 24 games this term.

In a desperate attempt to change their fortunes, Monaco appointed Thierry Henry in October in what was his first managerial role after firing Leonardo Jardim.

However, on the back of four wins in 20 games, Monaco performed a sensational U-turn that saw Henry get fired and Jardim being reappointed as manager.

“Recently, I’ve been actively involved in managing and resolving the club’s problems,” read a statement from Monaco President Dimitry Rybolovlev.

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“I took a number of decisions that were difficult but necessary, in my opinion. In particular, I personally wanted to call Leonardo Jardim and apologise for the error made in October.

“I asked him to come back to the club to lead the team and I sanctioned all his proposals for the arrival of new players during the winter transfer window.

“It’s time for a change. And these changes affect not only the workforce, but also the directors. So, I made a decision that is very hard for me, that of releasing Vadim Vasilyev as vice-president and general manager of the club.

“I am very grateful for all he has done for our club and wish him all the best for the future.

“This is not the first time Monaco has been going through a period of crisis. Seven years ago, we relieved the club from the very delicate situation in which it found itself.

“We strive again for such success. I am convinced these changes will allow us to achieve our goals.”