Monaco fail to overturn rule

Monaco are unconcerned despite failing in their first attempt to overturn new regulations requiring them to have their headquarters in mainland France.

Last Updated: 28/06/13 at 10:43 Post Comment

Dmitry Rybolovlev: Monaco's rich Russian owner

Dmitry Rybolovlev: Monaco's rich Russian owner

The club enjoy the tax benefits of their principality home which, allied to owner Dmitry Rybolovlev's wealth, gives them huge spending power for their return to Ligue 1.

But the administrative council of the French league (LFP) ruled on March 21 that from June 2014 all clubs playing in the domestic league must have their main office in France, which would put an end to Monaco's tax breaks.

The club appeared before the State Council today to contest the new regulations but were unable to secure a change.

Judge Alain Menemenis said, in remarks reported by L'Equipe: "The State Council will decide in the coming months on the request for annulment made by AS Monaco.

A league spokesman added: "This decision does not prejudge the legal merits (of the rule) but it certainly strengthens the procedure of the LFP, which is looking to re-establish equity in the competition."

A club statement in response read: "AS Monaco FC notes the decision of the court judge of the State Council to dismiss the club's request to suspend with immediate effect the decision of the Professional Football League (LFP), which imposed on the club a requirement to locate its administrative headquarters in France.

"The court judge held that there was no urgency to suspend the decision since it is intended to apply only from June 1, 2014.

"The judge did therefore not take into account the serious concerns about the LFP's decision, and in doing so did not take the view that the matter is of pressing urgency.

"He decided that the LFP's decision did not affect AS Monaco's participation in Ligue 1 for the 2013/2014 season, and said that the State Council would make a ruling on the legality of the decision in the coming months - therefore before it takes effect.

"This decision of the court judge does not therefore in any way prejudge the future decision on the substantive merits of the LFP's decision."

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ice work John.. have to agree with everything. Never measure your wealth in money.

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