Advertisement

AS Monaco have come out smelling of roses from their tax deal

Listen to the full interview via the Off The Ball Football Show podcast. Last week, billionaire-o...
Newstalk
Newstalk

22.13 27 Jan 2014


Share this article


AS Monaco have come out smelli...

AS Monaco have come out smelling of roses from their tax deal

Newstalk
Newstalk

22.13 27 Jan 2014


Share this article


Listen to the full interview via the Off The Ball Football Show podcast.

Last week, billionaire-owned AS Monaco ended their long-running tax feud with the French league.

The club agreed to pay €50 million over the next two seasons to put an end to the issue.

Advertisement

Football journalist Gabriele Marcotti covered the issue for the Wall Street Journal and as he told Off The Ball, Monaco have done very well from this deal.

"I think it is a tremendous deal for Monaco. Basically what it means is that they make this one-off payment and then in perpetuity some of their players will continue not to have to pay income tax. Were Monaco under the same tax treatment as other French clubs, they would have paid an extra €35 million in taxes. You can see how beneficial this is."

Marcotti thinks the French League are "not particularly clever" and that they may have feared that Monaco would defect from Ligue 1 and join another country if a legal threat was pursued. In addition, Monaco is not a "viable" club because of their meagre attendance figures, even failing to fill their home ground against rivals Marseille this weekend.

There is another consideration. Ligue 1 needs a club capable of challenging PSG.

"Ultimately they thought a strong Monaco that could become a European power is good for French football as a whole," said Marcotti.

 

 


Share this article


Read more about

Sport

Most Popular