 Rybolovlev relocated to Monaco in 2010 and in December 2011, a trust acting on behalf of Rybolovlev's daughter Ekaterina, bought a 66% stake in the Monegasque association football club AS Monaco FC.The club was in a bad state at the time, playing at the bottom of the French second league and highly in debt, and the Monaco Palace was looking for an investor to improve the club’s prospects.According to French media reports, Ryboloblev acquired the club for a symbolic €1, but with a commitment to invest at least €100 million ($129.4 million) into the club over the next four years.