The formatter threw an exception while trying to deserialize the message: Error in deserializing body of request message for operation 'Translate'. The maximum string content length quota (30720) has been exceeded while reading XML data. This quota may be increased by changing the MaxStringContentLength property on the XmlDictionaryReaderQuotas object used when creating the XML reader. Line 1, position 31507.
Cash-rich Monaco present taxing problem for French football - CNN.comvar cnnCurrTime=new Date(1370832472000),cnnCurrHour=22,cnnCurrMin=47,cnnCurrDay="Sun",cnnIsIntl=true,clickID=212106,cnn_cvpAdpre="edition.",cnnCVPAdSectionT1="edition.cnn.com_worldsport_football_t1",cnnCVPAdSectionInPage="edition.cnn.com_worldsport_football_inpage",cnnShareUrl="%2F2013%2F05%2F31%2Fsport%2Ffootball%2Ffootball-monaco-tax%2Findex.html",cnnShareTitle="Cash-rich%20Monaco%20present%20taxing%20problem%20for%20French%20football",cnnShareDesc="",cnnFirstPub=new Date('Friday May 31 04:08:44 EDT 2013'),cnnSectionName="iSport",sectionName="iSport",cnnSubSectionName="Football",cnnPageType="Story",cnnBrandingValue="default";cnnPartnerValue="";cnnOmniBranding="",cnnAuthor="John Sinnott, CNN",disqus_category_id=207582,disqus_identifier="/2013/05/31/sport/football/football-monaco-tax/index.html",disqus_title="Cash-rich Monaco present taxing problem for French football",cnn_edtnswtchver="edition",cnnIsStoryPage=true,cnn_metadata = {},cnn_shareconfig = [];cnn_metadata = {section: ["iSport","Football"],friendly_name: "Cash-rich Monaco present taxing problem for French football",template_type: "content",template_type_content: "gallery",business: {cnn: {page: {author: "John Sinnott, CNN",broadcast_franchise: "",video_embed_count: "9",publish_date: "2013/05/31",photo_gallery: "Cash-rich Monaco present taxing problem for French football"},video: {video_player: ""}}},user: {authenticated: "",segment: {age: "",zip: "",gender: ""}}};if (typeof(cnnOmniPartner) !== "undefined") {if (cnn_metadata.template_type_content === "") {cnn_metadata.template_type_content = "partner";}}var photo_gallery = "Cash-rich Monaco present taxing problem for French football";if(typeof CNN==='undefined'){var CNN=Class.create();}CNN.expandableMap=[''];function _loginOptions(){};var disqus_url=(typeof disqus_identifier!=='undefined') ? 'http://www.cnn.com/2013/05/31/sport/football/football-monaco-tax/index.html' : 'http://www.cnn.com'+location.pathname;cnnad_newTileIDGroup(['970x66_top','300x250_rgt','300x250_rgt2','336x280_rgt','336x850_rgt','300x150_rgt','728x90_top','728x90_bot','BG_Skin','120x90_bot1','120x90_bot2','120x90_bot3']);cnnad_newTileIDGroup(['607x95_adlinks','336x280_adlinks']);
EDITION: INTERNATIONAL U.S. MÉXICO ARABIC TV: CNNi CNN en Español Set edition preference Sign up Log in Home Video World U.S. Africa Asia Europe Latin America Middle East Business World Sport Entertainment Tech Travel iReport World Sport Home Analysis Football Golf Tennis Motorsport Horse Racing Sailing SHARE THISPrintEmailMore sharingRedditStumbleUponDelicious/* push in config for this share instance */cnn_shareconfig.push({"id" : "cnn_sharebar1","url" : "http://www.cnn.com/2013/05/31/sport/football/football-monaco-tax/index.html","title" : "Cash-rich Monaco present taxing problem for French football"});Cash-rich Monaco present taxing problem for French footballBy John Sinnott, CNNJune 1, 2013 -- Updated 1439 GMT (2239 HKT)if (typeof cnnArticleGallery=="undefined"){var cnnArticleGallery={};if(typeof cnnArticleGallery.currentImageList=="undefined"){cnnArticleGallery.currentImageList=[];}}var expGalleryPT00=new ArticleExpandableGallery();expGalleryPT00.setImageCount(12);expGalleryPT00.setAdsRefreshCount(3);//cnn_adbptrackpgalimg("Sun, sea -- and no tax", 1);.cnn_html_slideshow_metadata > .cnn_html_media_utility::before{color:red;content:'>>';font-size:9px;line-height:12px;padding-right:1px}.cnnstrylccimg640{margin:0 27px 14px 0}.captionText{filter:alpha(opacity=100);opacity:1}.cnn_html_slideshow_media_caption a,.cnn_html_slideshow_media_caption a:visited,.cnn_html_slideshow_media_caption a:link,.captionText a,.captionText a:visited,.captiontext a:link{color:#004276;outline:medium none}.cnnVerticalGalleryPhoto{margin:0 auto;padding-right:68px;width:270px}
Is this the most glamorous location for a professional footballer? cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":true,"x":0,"y":0,"pos":1,"title":"Sun, sea -- and no tax"}
Monaco's spending spree began with the recent signing of Joao Moutinho (left) and James Rodriguez from Porto for $90 million. Pictured holding the Portuguese league title after Porto's 2013 triumph, former Monaco chief executive Tor-Kristian Karlsen describes the duo as "two of the best midfielders in European football."cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":2,"title":"Porto duo"}But more players were to come, notably Colombian striker Radamel Falcao, who joined from Atletico Madrid. Arguably the best striker in the world, Falcao helped Atletico win the Spanish Cup earlier this month. However by joining the French club, Colombian Falcao will forgo the chance to play in next season's Champions League.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":3,"title":"Falcao coup"}
But more players were to come, notably Colombian striker Radamel Falcao, who joined from Atletico Madrid. Arguably the best striker in the world, Falcao helped Atletico win the Spanish Cup earlier this month. However by joining the French club, Colombian Falcao will forgo the chance to play in next season's Champions League.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":3,"title":"Falcao coup"}
" border="0" height="360" id="articleGalleryPhoto004" style="margin:0 auto;display:none" width="640"/>To help provide experience in their defence, Monaco have signed the 35-year-old Ricardo Carvalho on a one-year contract with the option of a further year after his deal with Real Madrid expired. "I am delighted to join Monaco and participate in this new adventure. It is a new challenge for me," said Carvalho, who played in the Porto team that beat Monaco 3-0 in the Champions League final in 2004.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":4,"title":"Buying experience"}Monaco is the 14th club Italian coach Claudio Ranieri has managed. As well as Italy and France, Ranieri has also coached in Span and England.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":5,"title":"Mister Ranieri"}Last summer Monaco spent $6.4 million on Delvin N'Dinga, who is pictured here chesting down the ball, in buying the Congolese international from Auxerre. Former Monaco chief executive Tor Kristian Karlsen questioned whether Monaco's tax dispute with the French football authorities might prompt the club to stop buying players from Ligue 1 clubs.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":6,"title":"French football pyramid"}Monaco's owner is Russian billionaire Dimitri Rybolovlev, who is the world's 100th-richest man according to Forbes magazine. His fortune comes from Russia's largest producer of potassium fertilizer Uralkali.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":7,"title":"Committed Russian owner"}Monaco play at the Stade Louis II. However the club have historically struggled to attract large attendances. Even when Monaco reached the Champions League final in 2004, the club's average domestic gate that season was just 10,394.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":8,"title":"Stade Louis II"}However, a decision taken in March by the French football league means Monaco will be subject to the same tax laws as other French clubs from June next year. cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":9,"title":"Level playing field?"}Monaco might not attract big crowds, but they do have some regal supporters, notably club patron Prince Albert II of Monaco, who is pictured here with his wife Princess Charlene.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":10,"title":"Famous fans"}In the summer of 2012 Monaco signed Argentine youngster Lucas Ocampos for a reported $19m from River Plate. Former chief executive Karlsen is pictured greeting Ocampos. Before joining Monaco as technical director in March 2012, Norwegian Karlsen worked as a scout for Russian club Zenit St Petersburg.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":11,"title":"Inside knowledge"}It's not only footballers that find Monaco an attractive destination......Here guests in a swimming pool on a large boat watch the 2011 Monaco Grand Prix from the marina.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":12,"title":"Monaco attractions"}HIDE CAPTIONSun, sea -- and no taxPorto duoFalcao coupBuying experienceMister RanieriFrench football pyramidCommitted Russian ownerStade Louis IILevel playing field?Famous fansInside knowledgeMonaco attractions<<<
Monaco is the 14th club Italian coach Claudio Ranieri has managed. As well as Italy and France, Ranieri has also coached in Span and England.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":5,"title":"Mister Ranieri"}
Last summer Monaco spent $6.4 million on Delvin N'Dinga, who is pictured here chesting down the ball, in buying the Congolese international from Auxerre. Former Monaco chief executive Tor Kristian Karlsen questioned whether Monaco's tax dispute with the French football authorities might prompt the club to stop buying players from Ligue 1 clubs.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":6,"title":"French football pyramid"}
Monaco's owner is Russian billionaire Dimitri Rybolovlev, who is the world's 100th-richest man according to Forbes magazine. His fortune comes from Russia's largest producer of potassium fertilizer Uralkali.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":7,"title":"Committed Russian owner"}
Monaco play at the Stade Louis II. However the club have historically struggled to attract large attendances. Even when Monaco reached the Champions League final in 2004, the club's average domestic gate that season was just 10,394.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":8,"title":"Stade Louis II"}
However, a decision taken in March by the French football league means Monaco will be subject to the same tax laws as other French clubs from June next year. cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":9,"title":"Level playing field?"}
Monaco might not attract big crowds, but they do have some regal supporters, notably club patron Prince Albert II of Monaco, who is pictured here with his wife Princess Charlene.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":10,"title":"Famous fans"}
In the summer of 2012 Monaco signed Argentine youngster Lucas Ocampos for a reported $19m from River Plate. Former chief executive Karlsen is pictured greeting Ocampos. Before joining Monaco as technical director in March 2012, Norwegian Karlsen worked as a scout for Russian club Zenit St Petersburg.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":11,"title":"Inside knowledge"}
It's not only footballers that find Monaco an attractive destination......Here guests in a swimming pool on a large boat watch the 2011 Monaco Grand Prix from the marina.cnnArticleGallery.currentImageList[cnnArticleGallery.currentImageList.length]={"currentPicture":false,"x":0,"y":0,"pos":12,"title":"Monaco attractions"}HIDE CAPTIONSun, sea -- and no taxPorto duoFalcao coupBuying experienceMister RanieriFrench football pyramidCommitted Russian ownerStade Louis IILevel playing field?Famous fansInside knowledgeMonaco attractions<<<
1
2
3
4
5
6
7
8
9
10
11
12>>>Event.observe(window,'load',function(){if(typeof(cnn_adbptrackpgalimg) == 'function' && typeof(cnnArticleGallery) != 'undefined'){cnn_adbptrackpgalimg(cnnArticleGallery.currentImageList[0].image,"Cash-rich Monaco present taxing problem for French football");}});STORY HIGHLIGHTSMonaco looks set to become preferred destination of world class footballersRussian owner Dmitry Rybolovlev is worth $9.1 billion according to ForbesUnder the principality's laws, foreigners do not pay tax on their wagesFrench Football Federation (FFF) rule the club must move their head office to France (CNN) -- Favored haunt of James Bond, gamblers, luxury yacht owners and Grace Kelly fans, Monaco looks increasingly set to also become the preferred destination of any self-respecting world class footballer.
And who can blame them. What's not to like about the chance to strut your stuff in one of the world's most glamorous locations -- and not pay tax on your wages.Monaco have come a long way in a very short space of time and, with the money the club's Russian owner Dmitry Rybolovlev has to spend, it is a team that has every chance of upsetting the status quo in French football next season.When Rybolovlev -- worth $9.1 billion, according to Forbes -- bought a majority stake in the seven-time French champions in December 2011, Monaco were bottom of French football's second tier.Fast forward a couple of years and Monaco have served notice of the extent of their ambitions by spending close to $180 million on signing Atletico Madrid striker Radamel Falcao, as well as Porto pair Joao Moutinho and James Rodriguez.var currExpandable="expand16";if(typeof CNN.expandableMap==='object'){CNN.expandableMap.push(currExpandable);}var mObj={};mObj.type='video';mObj.contentId='';mObj.source='sports/2013/04/09/pkg-pinto-psg-beckham-ancelotti-ibrahimovic.cnn';mObj.videoSource='CNN';mObj.videoSourceUrl='';mObj.lgImage="C:\Program Files\ABS\Auto Blog Samurai\data\stwistofaith\bola\130409125528-pkg-pinto-psg-beckham-zlatan-00013926-story-body.jpg";mObj.lgImageX=300;mObj.lgImageY=169;mObj.origImageX="214";mObj.origImageY="120";mObj.contentType='video';CNN.expElements.expand16Store=mObj;
PSG: One year onvar currExpandable="expand26";if(typeof CNN.expandableMap==='object'){CNN.expandableMap.push(currExpandable);}var mObj={};mObj.type='video';mObj.contentId='';mObj.source='sports/2013/04/01/david-beckham-paris-st-germain.cnn';mObj.videoSource='CNN';mObj.videoSourceUrl='';mObj.lgImage="C:\Program Files\ABS\Auto Blog Samurai\data\stwistofaith\bola\130401202049-david-beckham-paris-st-germain-00012329-story-body.jpg";mObj.lgImageX=300;mObj.lgImageY=169;mObj.origImageX="214";mObj.origImageY="120";mObj.contentType='video';CNN.expElements.expand26Store=mObj;
David Beckham's life in Parisvar currExpandable="expand36";if(typeof CNN.expandableMap==='object'){CNN.expandableMap.push(currExpandable);}var mObj={};mObj.type='video';mObj.contentId='';mObj.source='sports/2013/04/09/intw-pinto-zlatan-ibrahimovic-psg.cnn';mObj.videoSource='CNN';mObj.videoSourceUrl='';mObj.lgImage="C:\Program Files\ABS\Auto Blog Samurai\data\stwistofaith\bola\130409154437-quickfire-pinto-zlatan-ibrahimovic-psg-00001707-story-body.jpg";mObj.lgImageX=300;mObj.lgImageY=169;mObj.origImageX="214";mObj.origImageY="120";mObj.contentType='video';CNN.expElements.expand36Store=mObj;
Exclusive: What makes Ibrahimovic tick?This, just a matter of weeks after wrapping up the second-flight title, with a young side coached by experienced Italian Claudio Ranieri."It's hard to think of a more serious statement of intent," former Monaco chief executive Tor-Kristian Karlsen told CNN."Falcao is simply the best out-and-out center forward in the world. With a signing of this caliber (Real Madrid's experienced Portugal defender Ricardo Carvalho will also play for Monaco next season), French football will seriously start closing the gap on the top European leagues."Read: Monaco splash out $90 million on Porto pairThese are signings that are likely to give newly crowned French champions Paris Saint-Germain, another club revived by massive investment, a run for their money in defending their Ligue 1 title."Everything is possible," said Karlsen. "The team that won Ligue 2 -- even without the new acquisitions -- would have stabilized itself in the top eight of Ligue 1."But one should allow for the team to settle in the top half of Ligue 1 before expecting silverware," added Karlsen, who left Monaco in February after just over a year at the club.Monaco's upwardly mobile progression evokes memories of Chelsea's transformation after another Russian billionaire Roman Abramovich took control in 2003.In financial peril before the Russian oligarch arrived, Chelsea's trophy cabinet room is now brim to overflowing with 11 cups captured in the space of 10 years during the Abramovich era.Though at a no little cost. Abramovich has gone through nine managers, not to mention an estimated $1.5 billion of investment in players and wages.When Abramovich took charge of Chelsea, Ranieri was in charge of the team, but was sacked after one season and replaced by Jose Mourinho -- despite having led the club to second in the Premier League and to the semifinals of the Champions League."Ranieri is an excellent manager," said Karlsen, who stepped down from the chief executive role before the club's promotion due to personal reasons. "He was -- and, in my opinion, still is -- the ideal manager for this project."The experience, the class, the professionalism he brought has been immensely important," added Karlsen, who had previously been Monaco's sporting director before his promotion to the chief executive role in September.var currExpandable="expand119";if(typeof CNN.expandableMap==='object'){CNN.expandableMap.push(currExpandable);}var mObj={};mObj.type='video';mObj.contentId='';mObj.source='sports/2012/10/01/pinto-jose-mourinho-real-madrid-exclusive.cnn';mObj.videoSource='CNN';mObj.videoSourceUrl='';mObj.lgImage="C:\Program Files\ABS\Auto Blog Samurai\data\stwistofaith\bola\121001015527-pinto-jose-mourinho-real-madrid-exclusive-00025019-story-body.jpg";mObj.lgImageX=300;mObj.lgImageY=169;mObj.origImageX="214";mObj.origImageY="120";mObj.contentType='video';CNN.expElements.expand119Store=mObj;
José Mourinho: 'I hate my social life'var currExpandable="expand219";if(typeof CNN.expandableMap==='object'){CNN.expandableMap.push(currExpandable);}var mObj={};mObj.type='video';mObj.contentId='';mObj.source='sports/2013/05/24/pinto-platini-beckham-ferguson.cnn';mObj.videoSource='CNN';mObj.videoSourceUrl='';mObj.lgImage="C:\Program Files\ABS\Auto Blog Samurai\data\stwistofaith\bola\130524140629-pinto-platini-beckham-ferguson-mourinho-00001021-story-body.jpg";mObj.lgImageX=300;mObj.lgImageY=169;mObj.origImageX="214";mObj.origImageY="120";mObj.contentType='video';CNN.expElements.expand219Store=mObj;
Platini on Ferguson and Beckham retirementsvar currExpandable="expand319";if(typeof CNN.expandableMap==='object'){CNN.expandableMap.push(currExpandable);}var mObj={};mObj.type='video';mObj.contentId='';mObj.source='sports/2013/05/03/football-club-spot-hargreaves-manchester.cnn';mObj.videoSource='CNN';mObj.videoSourceUrl='';mObj.lgImage="C:\Program Files\ABS\Auto Blog Samurai\data\stwistofaith\bola\130503155633-hargreaves-on-spot-story-body.png";mObj.lgImageX=300;mObj.lgImageY=169;mObj.origImageX="214";mObj.origImageY="120";mObj.contentType='video';CNN.expElements.expand319Store=mObj;
Hargreaves: Scholes is the best"He is very pragmatic, is aware of the politics of the game and just as importantly he's a great ambassador. "Read: Neymar on his way to BarcelonaNot that Monaco's "grand projet" has been universally welcomed by all in French football.Under the principality's laws, foreigners do not pay tax on their wages and that has put Monaco at odds with the French Football Federation (FFF) and the French League (LFP) after the latter organization ruled that the club must move their head office to France by the start of June next year."Monaco has enjoyed a position in French football that is totally unfair and that hasn't been questioned," France Football's English correspondent Philippe Auclair told CNN."The club has enjoyed an unfair advantage over every French club. Monaco should be subjected to the same tax regime as the other clubs in Ligue 1," added Auclair, who acknowledged that the French football authorities have allowed this anomaly to go on for too long."In any other country this would be unthinkable. Imagine if Welsh clubs Cardiff and Swansea didn't operate under the same taxation regime as the other 18 English Premier League clubs?"The league has a perfect right to ask Monaco for this and the law should have been applied a long time ago."Read: The curious transfer of Claudio YacobBut Monaco are refusing to play ball and have threatened to take legal action over the dispute."As part of this legal action, ASM FC will be seeking the annulment of the LFP's decision of March 21 requiring the club to establish its headquarters in France, as well as a claim for damages from the LFP as compensation for financial and commercial losses suffered as a result of that decision," Monaco said in a statement earlier this month.Monaco said French Federation president Noel Le Graet, "acting on behalf of both the FFF and the LFP, demanded from AS Monaco FC a huge payment of $258 million in return for ending the current conflict without the club having to relocate its headquarters to France in order to remain in the French Championship."var currExpandable="expand131";if(typeof CNN.expandableMap==='object'){CNN.expandableMap.push(currExpandable);}var mObj={};mObj.type='video';mObj.contentId='';mObj.source='sports/2013/05/30/davies-fifa-racism-mauritius.cnn';mObj.videoSource='CNN';mObj.videoSourceUrl='';mObj.lgImage="C:\Program Files\ABS\Auto Blog Samurai\data\stwistofaith\bola\130530172259-davies-fifa-racism-mauritius-00004826-story-body.jpg";mObj.lgImageX=300;mObj.lgImageY=169;mObj.origImageX="214";mObj.origImageY="120";mObj.contentType='video';CNN.expElements.expand131Store=mObj;
FIFA Congress tackles racism and reformvar currExpandable="expand231";if(typeof CNN.expandableMap==='object'){CNN.expandableMap.push(currExpandable);}var mObj={};mObj.type='video';mObj.contentId='';mObj.source='sports/2013/05/17/pinto-mario-balotelli-england-milan.cnn';mObj.videoSource='CNN';mObj.videoSourceUrl='';mObj.lgImage="C:\Program Files\ABS\Auto Blog Samurai\data\stwistofaith\bola\130517162102-pinto-mario-balotelli-england-milan-00010216-story-body.jpg";mObj.lgImageX=300;mObj.lgImageY=169;mObj.origImageX="214";mObj.origImageY="120";mObj.contentType='video';CNN.expElements.expand231Store=mObj;
Balotelli: I'm glad I left Englandvar currExpandable="expand331";if(typeof CNN.expandableMap==='object'){CNN.expandableMap.push(currExpandable);}var mObj={};mObj.type='video';mObj.contentId='';mObj.source='sports/2013/04/26/football-club-spot-brad-friedel-tottenham.cnn';mObj.videoSource='CNN';mObj.videoSourceUrl='';mObj.lgImage="C:\Program Files\ABS\Auto Blog Samurai\data\stwistofaith\bola\130426150237-football-club-spot-brad-friedel-00000405-story-body.jpg";mObj.lgImageX=300;mObj.lgImageY=169;mObj.origImageX="214";mObj.origImageY="120";mObj.contentType='video';CNN.expElements.expand331Store=mObj;
Friedel: 'Bale can be world's best'Neither Le Graet or the LFP responded to CNN's request for comment.The French Football Federation then issued a statement, insisting it was Monaco who brought up the figure."The FFF had decided (on April 18) to set up a meeting between the Federation, the French Professional League (LFP) and AS Monaco FC. Preliminary talks started with representatives from AS Monaco FC, during which the sum of $258 million was mentioned by AS Monaco FC," said the FFF."My personal opinion is that AS Monaco has been treated disgracefully by the French football authorities," said Karlsen. "What Monaco are doing is to the wider benefit of the French game."French football should welcome this foreign investment -- it makes the league stronger, improves the competitive balance and brings much-needed global exposure."Karlsen suggested that the French authorities were in danger of "shooting themselves in the foot," pointing out that when he was working for the club, Monaco had spent $6.4 million on Delvin N'Dinga from Auxerre."At the time Auxerre were struggling financially and on the brink of going out of business.Rybolovlev ... was a supporter of the club long before he took over as majority shareholder. He sees his involvement as giving something back to the country Former Monaco chief executive Tor-Kristian Karlsen"Before the signing of Falcao, Moutinho and Rodriguez, I suspect the strategy had been to sign mainly French players from the domestic transfer market, but the club may well have reversed that strategy due to the scandalously poor treatment they have recently received from the French football authorities."Before Rybolovlev's arrival, Monaco had been regular participants in European club competition until a steady decline set in, culminating in their relegation to Ligue 2 in 2011."Rybolovlev is very analytical and studious," said Karlsen of his former boss."He comes from a family of doctors and that is the way he has built his businesses -- by careful analysis."He's an avid student of the game. Whenever you go to his office you'll always find analytical books on the subject of football on his table, I'm obviously not talking about books like 'Fever Pitch,' " said Karlsen, referring to Nick Hornby's book about football fandom."He is very knowledgeable about football and for him the strategy is quite simple -- to be successful," added the Norwegian, who before joining Monaco as technical director in January 2012 worked as a scout for Zenit St. Petersburg."Since he took over, the financial commitment has been amazing."He has always delivered on his promise to be successful and he won't settle for second best."However given Monaco's average attendance last season was just over 5,000, the question remains how Monaco will meet UEFA's Financial Fair Play rules, which requires clubs to only spend money they earn, if and when the principality club qualifies for Europe.For now, though, those few thousand Monaco supporters can look forward to the treat of watching some of Europe's finest players.0Comments »SHARE THISPrintEmailMore sharingRedditStumbleUponDelicious/* push in config for this share instance */cnn_shareconfig.push({"id" : "cnn_sharebar2","url" : "http://www.cnn.com/2013/05/31/sport/football/football-monaco-tax/index.html","title" : "Cash-rich Monaco present taxing problem for French football"});var OB_permalink='http://edition.cnn.com'+location.pathname;var OB_langJS='http://widgets.outbrain.com/lang_en.js';var OB_widgetId='AR_1';var OB_Template="cnnedition";if (typeof(OB_Script)!='undefined'){OutbrainStart();}else{var OB_Script=true;var str="cnnad_createAd("314909","http://ads.cnn.com/html.ng/site=cnn_international&cnn_intl_pagetype=mmst&cnn_intl_position=336x850_rgt&cnn_intl_rollup=world_sport&cnn_intl_section=football&page.allowcompete=no¶ms.styles=fs","850","336");cnnad_registerSpace(314909,336,850);
Part of complete coverage on Football FocusJoin the CNN Football Club!
Be part of CNN's coverage of European Champions League matches and join the social debate.Should Israel host U21 event?June 6, 2013 -- Updated 1425 GMT (2225 HKT)
A former Palestinian player, once held without charge for three years, is campaigning for a boycott of Israel's staging of a major European tournament.'Brand Germany' on show in finalMay 23, 2013 -- Updated 1052 GMT (1852 HKT)
When Germany's two biggest soccer clubs go head-to-head in the Champions League final, there can only be one winner: German industry. Double trouble for the Bundesliga?May 22, 2013 -- Updated 1356 GMT (2156 HKT)
The Bundesliga model of sustainability is very much in vogue. But are Bayern Munich and Borussia Dortmund creating a dangerous duopoly?Becker: A champion's London tourMay 23, 2013 -- Updated 1106 GMT (1906 HKT)
Bayern Munich super fan Boris Becker takes a tour of London ahead of the 2013 Champions League final.Behind the scenes at WembleyMay 23, 2013 -- Updated 1015 GMT (1815 HKT)
CNN takes an exclusive look at the venue of the Champions League final between Bayern Munich and Borussia Dortmund.Who will win the Champions League?
CNN's Pedro Pinto gives his analysis of the Champions League final between Bayern Munich and Borussia Dortmund.Beckham and football's gay tabooMay 17, 2013 -- Updated 1710 GMT (0110 HKT)
David Beckham embraced his tag as a "gay icon" and has been credited with breaking the big taboo -- homosexuality in football.Utd brand 'will survive Fergie exit'May 13, 2013 -- Updated 0750 GMT (1550 HKT)
'King' Alex Ferguson is quitting Manchester United but the $3.17 billion brand will survive, according to experts.Juve offers Serie A vision of futureMay 7, 2013 -- Updated 1418 GMT (2218 HKT)
Italian football lags behind its other European rivals commercially, but newly-crowned Italian champions Juventus is showing Serie A clubs an example of revival.Soccer stars behaving badlyApril 24, 2013 -- Updated 1434 GMT (2234 HKT)
Luis Suarez's biting of Branislav Ivanovic is the latest episode of moments of madness when soccer stars behave badly.How Africa lured EPL clubMarch 29, 2013 -- Updated 0938 GMT (1738 HKT)
Sunderland's partnership with the Nelson Mandela Foundation is part of its bid to woo the African market.Human traffic: Africa's lost boysMarch 28, 2013 -- Updated 1558 GMT (2358 HKT)
Each year as many as 700 Cameroonian young footballers leave Africa in search of a professional career abroad. Soccer violence: Refs under siegeMay 6, 2013 -- Updated 1201 GMT (2001 HKT)
Referees across Europe are feeling the heat. Insulted, threatened, chased off the field, attacked, hospitalized and, tragically, killed. Soccer's bid to train the brainFebruary 26, 2013 -- Updated 1225 GMT (2025 HKT)
Footballers have a battery of physios, fitness trainers and doctors all striving to fine-tune their physique -- but are they missing a trick?Top English managers a dying breed?February 26, 2013 -- Updated 1424 GMT (2224 HKT)
No Englishman has won the EPL title in over 20 years, while a leading manager reveals that English coaches are now "not respected abroad."Meet Italy's proud football racistsMay 13, 2013 -- Updated 0933 GMT (1733 HKT)
Hardcore Italian football "ultra" Federico is a Lazio supporter who happily admits directing monkey chants at black players.Bayern coach celebrates 1,000 gamesMarch 5, 2013 -- Updated 1123 GMT (1923 HKT)
When Jupp Heynckes made his Bundesliga debut as a player in 1965, the name of Bayern Munich was a new one for the nascent German league.Goal tech to be used at World CupFebruary 19, 2013 -- Updated 1902 GMT (0302 HKT)
Football's world governing body FIFA has confirmed it will use goal-line technology at the 2014 World Cup in Brazil.The art of fixing a football matchFebruary 19, 2013 -- Updated 1403 GMT (2203 HKT)
Match-fixing has become a worldwide issue, with hundreds of matches under investigation -- but how do you actually fix a football game?U.S. star Rogers 'comes out' February 18, 2013 -- Updated 1700 GMT (0100 HKT)
U.S soccer star Robbie Rogers has "come out" as gay on the day he retired from the game, making the announcement on his blog.Foreign owners: Good, bad, uglyFebruary 11, 2013 -- Updated 2231 GMT (0631 HKT)
The wealth of owners like Chelsea's Roman Abramovich often fuels success, but for other clubs such backers prove a mixed blessing.Shades of gray in racism debateJanuary 30, 2013 -- Updated 1342 GMT (2142 HKT)
The Secret Footballer reveals the complex issues surrounding racism in the English Premier League. 
.cnn_strycrcntrnwsp .cnn_mtpmore { padding:10px 0px 1px 0px; }.cnn_stryccnwsp2 .cnn_stryccnwsp3 { width:100% }Most PopularToday's five most popular storiesPolice: Apparent road rage led to fatal shooting, charges for N.J. detective Blasts, gunfire rock KabulNSA leaker comes forward, warns of agency's 'existential threat'Cowell gets egged during 'Britain's Got Talent' finaleSanta Monica shooting victim dies, bringing toll to 5var cnn_oburlStr = location.pathname + '';cnn_oburlStr = (cnn_oburlStr.indexOf('?') > -1) ? cnn_oburlStr.substr(0, cnn_oburlStr.indexOf('?')) : cnn_oburlStr;var OB_permalink= 'http://edition.cnn.com' + cnn_oburlStr;var OB_Template="cnnedition";var OB_widgetId= 'VR_1';var OB_langJS ='http://widgets.outbrain.com/lang_en.js';if ( typeof(OB_Script)!='undefined' ) {OutbrainStart();} else {var OB_Script = true;var str = "var OB_Template="cnnedition";var OB_widgetId= 'SB_2';var OB_langJS ='http://widgets.outbrain.com/lang_en.js';if ( typeof(OB_Script)!='undefined' ) {OutbrainStart();} else {var OB_Script = true;var str = ".OB_SB_1, .OB_SB_2 { padding:0px; }#outbrain_container_1_stripBox .strip-like, #outbrain_container_2_stripBox .strip-like { font-size:18px; }#ob_strip_container_rel_1_stripBox { }#ob_strip_container_rel_1_stripBox .item-container, #ob_strip_container_rel_2_stripBox .item-container { padding-top:8px;border-top:1px solid #E5E5E5; }cnnad_createAd("680179","http://ads.cnn.com/html.ng/site=cnn_international&cnn_intl_pagetype=mmst&cnn_intl_position=300x150_rgt&cnn_intl_rollup=world_sport&cnn_intl_section=football&page.allowcompete=no¶ms.styles=fs","150","300");cnnad_registerSpace(680179,300,150); Loading weather data ...
Home | Video | World | U.S. | Africa | Asia | Europe | Latin America | Middle East | Business | World Sport | Entertainment | Tech | Travel | iReport Tools & Widgets | RSS | Podcasts | Blogs | CNN Mobile | My Profile | E-mail Alerts | CNN Radio | CNN Shop | Site map | CNN Partner Hotels CNN en ESPAÑOL | CNN Chile | CNN México | ??????? | ??? | Türkçe 
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved. Terms of service | Privacy guidelines | Ad choices
| Advertise with us | License our content | About us | Contact us | Work for us | Help CNN TV | HLN | Transcripts cnnad_ugsync();var cnn_edtnswtchver="edition";msQueueManager.init('requestFrame',ms_blankURL);$$('.cnn_sectbincntnt2 ul').each(function(bulletlist,idx){while(bulletlist.getHeight()>145){bulletlist.childElements().last().remove();}});if(ms_isLoggedIn()){CNN_setCookie('CNN_member',true,854400,'/',document.domain);}var jsmd=_jsmd.init(),pageURL=location.href.toLowerCase();if (pageURL.indexOf("/.element/ssi/ads.iframes/")==-1&&pageURL.indexOf("/doubleclick/dartiframe.html")==-1&&pageURL.indexOf("/search/")==-1){if (_jsmd.plugin.gQuery("refresh")){jsmd.trackMetrics("dynamic-autoRefresh","autorefresh","cnn-autorefresh");} else if (_jsmd.plugin.gQuery("is_LR")){} else if (cnn_metadata.template_type_content!="gallery"){jsmd.send();}}/*globals CNN_CB, cnnsocial, cnnzite_mod, sectionName *//* configure apis to load and specify their callbacks */cnnsocial.setapiconfig([{'site' : 'facebook','success' : function() {/* trigger connect-cnnsocial.js calls */window.cnn_fbAsyncInit();}},{ 'site' : 'twitter' }]);/* add the multiple config instance for sharebars */cnnsocial.share.setconfig(cnn_shareconfig);$j(document).ready(function () {'use strict';loadChartbeat("football", "John Sinnott, CNN");CNN.initFlipperTicker();/* initialize cnnsocial */cnnsocial.init();});
No comments:
Post a Comment