Football

MONACO: THE FED IS DEMANDING 200 MILLION EUROS! THE CLUB SAYS NO!

Monaco

It seems that AS Monaco is facing a significant financial demand from the French Football Federation (FFF) and the Ligue de Football Professionnel (LFP) in relation to the club’s headquarters location. Here’s a breakdown of the key points:

  • The LFP’s decision requires AS Monaco to establish its headquarters in France by June 1, 2014.
  • The president of the FFF, Noël Le Graët, reportedly met with the president of AS Monaco, Dmitry Rybolovlev, and demanded a sum of 200 million euros to resolve the ongoing conflict without relocating the club’s headquarters to France for participation in the French championship.
  • AS Monaco considers this ultimatum “totally unacceptable” and has released a press release stating its position.
  • The press release emphasizes that AS Monaco has been affiliated with the French Football Federation since 1919, has invested significantly in French football, trained French internationals, and represented French football proudly in European competitions.
  • The club expresses disappointment in the lack of recognition from federal authorities and deems the decision to be counterproductive, impacting the club’s project, which is meant to serve all of French football and its future development.
  • AS Monaco, after consulting legal advisors, has announced its intention to take legal action to seek a judicial settlement of the dispute. The club plans to demand the annulment of the decision and seek damages for the financial and commercial losses suffered following the decision of March 21.
  • A letter detailing the significant investment of the club in French football and the description of the damage suffered has been sent by the President of AS Monaco to Mr. Le Graët.

This situation underscores the complex and contentious nature of the relationship between AS Monaco and French football authorities, with potential legal proceedings on the horizon.

Ibrahim Sannie

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