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Falcao Signs Five-Year Monaco Deal

Radamel Falcao on Friday completed his anticipated transfer to AS Monaco, signing a five-year contract at the newly promoted Ligue 1 club. Atletico Madrid, his former club, is believed to have received a whopping $76 million transfer fee.

The Colombia international confirmed the move on his Twitter account: "I want to share with you that I will be player of Monaco next season,” he wrote. “I'm eager to start this challenge! I count on your support!"

After winning promotion to the French top flight, Monaco owner Dmitry Rybolovlev has been on quite a spending spree, having shelled out $91.5 million the prior week for FC Porto duo Joao Moutinho and James Rodriguez. On capturing the coveted Falcao, the Russian billionaire said: "We are very happy that Radamel Falcao has chosen the challenge of AS Monaco. It's something to be proud of for us to be able to count on one of the best players in the world in order to allow Monaco to get back to where we belong."

Read the whole story at Press Association »

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