Monaco unveil plans for stunning new £48m training complex as billionaire owner Dmitry Rybolovlev denies he wants to sell struggling Ligue 1 club Dmitry Rybolovlev has confirmed his commitment to Monaco with new plans The Ligue 1 club have showed off designs for new £48million training complex They will make upgrades to their Stade Louis II stadium for start of next season Rybolovlev denied he will sell the club and insists he will be there 'long-term' By Matt Barlow for MailOnline Published: 16:55 GMT, 23 January 2019 | Updated: 17:01 GMT, 23 January 2019 Viewcomments Monaco have unveiled ambitious plans for a £48million training complex and an upgrade on their stadium as Dmitry Rybolovlev confirmed his commitment to the Principality club. The billionaire Russian owner has again denied reports that he is preparing to sell as Thierry Henry's team fights a relegation battle in Ligue 1. 'I am absolutely committed to making every effort to continue to take this club forward over the long term,' said club president Rybolovlev, as he launched the new projects on Wednesday. Ligue 1 side Monaco have unveiled ambitious plans for a new £48million training ground The new complex will include a medical centre, fitness centre and rehabilitation zone Billionaire owner Dmitry Rybolovlev (second from left) stands with new signing Cesc Fabregas 'We have already invested €335m (£292m) in ASM, and the club has started to make profits, which it is now able to reinvest in further development. 'Rumours about a potential change of ownership at the club have been repeatedly denied. I believe that the projects presented today speak best about our long-term commitment to ASM.' Plans include a new 'state-of-the-art' training complex at La Turbie, where Monaco have trained since 1981, and will include a medical centre, fitness centre and 'rehabilitation zone'. There will also be a new dormitory for 67 academy scholars funded by the government close to the stadium. There will also be a new dormitory for 67 academy scholars funded by the government Stade Louis II will benefit from a renovation of the existing VIP boxes and 18 new boxes Both of these are projected to be ready for the 2020-21 season. Renovation of the existing VIP boxes, and 18 new boxes at the Stade Louis II, will be ready for the start of next season. Vice-president Vadim Vasilyev promised the academy training facility would be 'one of the most advanced in Europe'. Share or comment on this article: All rights reserved for this news site dailymail and under his responsibility