Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Monaco Financial Privileges Hinge on Court Case
ESPN FC, June 21st, 2013 2:23PM

MOST READ
TAGS:  france

MOST COMMENTED

AS Monaco and the French soccer league (LFP) clashed in France’s highest court for administrative issues on Thursday, with the newly promoted Ligue 1 club arguing the case for the financial privileges it enjoys for being from the principality of Monaco-Monte Carlo. In March, the LFP decided to eliminate those special privileges, which include excluding foreign players from paying income tax. The Ligue 2 champion responded by challenging the decision in court.

Monaco’s lawyers argued that the club is now being unfairly targeted by the LFP, saying that its transfer dealings have been suspended because of the decision. Tatiana Bersheda, the lawyer of Monaco owner Dmitri Rybolovlev revealed that the $170 million outlay on Radamel Falcao, Joao Moutinho and James Rodriguez was actually finalized prior to the March 21 decision, and that the club’s transfer have “frozen” since.

She added: “If those players are with us now, it's independent of our will. We were obliged to take them. It's the selling clubs who forced us to take them by activating the option which existed. If we hadn't done it, they would have applied heavy penalties." This may be one reason why, for instance, the $5 million transfer of Valenciennes defender Nicolas Isimat-Mirin has stalled.

The court will make an initial ruling in the coming days with a definitive judgment being handed down next fall.

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
World Cup Boosts German Beer Sales    
The World Cup is credited for boosting German beer sales by 4.4 percent in the year's ...
Glazers Selling selling 8 million Man United    
The Glazer family will make around $150 million by selling 8 million shares of its stake ...
Former Palestine Midfielder Killed in Bombing    
Former Palestinian national team player Ahed Zaqout has been killed by an Israeli bomb that hit ...
Neymar Aims to Be Fit for Barcelona Opener    
Brazilian star, Neymar, who fractured a bone in his back following a challenge from Colombia's Juan ...
Mourinho: Lukaku Lacked Motivation    
Chelsea coach Jose Mourinho, after his club sold 21-year-old Belgian striker Romelu Lukaku to Everton for ...
Former Zambia Boss Takes Ivory Coast's Helm    
Frenchman Herve Renard has been appointed coach of Ivory Coast, replacing Sabri Lamouchi, who left after ...
Steven Gerrard: 'Every Person Slips'    
Steven Gerrard says the slip that arguably ended Liverpool's title hopes and England being knocked out ...
La Liga Champ Eying Chicharito    
Mexican striker Javier Hernandez, who started just six Premier League games for Manchester United last season ...
No Charges for Moyes Over Bar Incident    
Former Manchester United coach David Moyes is in the clear after he was investigated over an ...
West Ham Acquires Ecuador World Cup Striker    
West Ham has finalized a $20 million transfer of Ecuador striker Enner Valencia from Mexican club ...
>> Section 2 Around the Net Archives