Monaco have played down reports that they could be relegated at the end of the season because of their huge debts.

Facing debts of €53 million, the club have been told by the French League to sort out its finances or face relegation to the second division next season.

However, club president Jean-Louis Campora has dismissed threats.

“The problems will be resolved by April,” Campora said.

Monaco encountered problems when Prince Rainier refused to bail out the club.

Campora claimed Italian software firm Finmatica wasready to invest in the club.

“But even if they don’t, we have other financial partners lined up,” he added.