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
High school vs. club debate rages in New Jersey    
High school vs. club has long been an issue on the boys side, culminating with the ...
Man United's Falcao Out Two Weeks    
Manchester United striker Radamel Falcao will be out for another two weeks with a "new injury", ...
Arsenal's Injury Woes Ahead of Man United Clash     
While much has been made of the injury crisis facing Manchester United coach Louis van Gaal, ...
Bolton Coach Fumes at Klinsmann    
Bolton Wanderers coach Neil Lennon on Friday slammed USA coach Jurgen Klinsmann for what he called ...
Liverpool Investigates Sturridge Injury    
Liverpool has opened an investigation into Daniel Sturridge's persistent injury problems after the striker suffered yet ...
Report: Messi Could Leave Barca over Tax Threat     
According to unnamed sources cited by Spanish newspaper El Confidencial, Lionel Messi may leave Barcelona due ...
Chelsea's Costa 'Totally Recovered' From Injury    
Jose Mourinho on Friday revealed that star striker Diego Costa, who missed Spain's 3-0 win against ...
Klopp Hints at Reus Departure     
Jurgen Klopp admitted that he is powerless to keep Marco Reus at Borussia Dortmund, and hinted ...
Report: Blind Injury Not as Bad as Feared     
Manchester United on Thursday was boosted by the news that defender Daley Blind will be out ...
Parma Deducted Points for Missing Payments    
Serie A club Parma will be deducted between one and six points this season for failing ...
>> Section 2 Around the Net Archives