Tax-free Monaco embraced after club’s $68 million payment keeps it in French soccer

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After conflict between Monaco and the rest of French soccer left the top tier’s seven-time champions on the brink of explosion from their league, the club and the Ligue de Football Professionel reached an agreement on Friday that will allow Ligue 1’s second place team to stay in the French league. Whereas AS Monaco were on the brink of being excluded from next season’s competition because of a new rule targeting their tax-exempt status, the club will now pay an expensive, one-time fee to maintain their place in le Championnat.

“Out of concern for the equality and balance of the competition, AS Monaco are committed to paying a voluntary, fixed and definitive sum of €50 million to the LFP,” the league said in a Friday statement, “and will withdraw their plea to the Council of State.”

Monaco, having spent lavishly since Russian businessman Dmitry Rybolovlev bought the club in Dec. 2011, pays $68.4 million to stay in the league, a status the club has enjoyed since 1933. With tax rates against high incomes climbing in France, the remainder of the French league had grown tired of Monaco’s competitive advantage, the club based in a tax-free principality that operates independent of French law. That advantage has helped lure like likes of Radamel Falcao, João Moutinho, and James Rodríguez to the club, with Rybolovlev’s team alleviated of paying the personal income tax that is customarily covered by French clubs.

source: AP
Dmitry Rybolovlev purchased AS Monaco in 2011 as the club embarked on their two-year stint in the second division. His spending has vaulted them back into Ligue 1 and into a UEFA Champions League spot. (Photo: AP.)

In response to Rybolovlev’s spending, the LFP had adopted a rule that, effective next season, would exclude all clubs whose offices were not located in France. Monaco was pursuing a resolution through the French courts before Friday’s resolution, one that Rybolovlev touted on the club’s website:

“From the beginning we wanted to find an intelligent solution which would work for both sides, within a favourable climate for negotiations.

The AS Monaco FC project can help raise the level of French football and it is good that this has been understood.”

The idea that teams like Monaco and Paris Saint-Germain can help raise Ligue 1’s level underscored the early acquiescence to PSG’s rise. Part of the theory was revenues PSG would raise (or, merely inject) money into the rest of the first division either through player purchases or by raising the league’s commercial profile.

Based in the French capital, PSG is subject to the same taxation as 18 other clubs in Ligue 1. Monaco, however, doesn’t have to endure the same tax on Falcao as PSG’s paying for Zlatan Ibrahimovic. Where it’s customary to have agents negotiate such that clubs are responsible for players’ income taxes, Monaco faces a significant edge when accounting for their high-end talents.

Thanks to Friday’s $68.4 million settlement, that edge gets preserved in perpetuity. From the club’s statement announcing the agreement:

By paying a single, lump-sum, voluntary contribution of EUR 50 million, payable in installments, AS Monaco FC is demonstrating its commitment to French football and will be able to continue to pursue its project for the benefit of all stakeholders.

The shared history between French football and one of its most faithful representatives has made it possible to find an agreement that will put an end to their legal dispute, with an undertaking from both sides that this agreement cannot be challenged later.

If the point of pursuing Monaco was restoring competitive advantage, it’s unclear this agreement makes sense. The $68.4 million fee Monaco’s paying represents only a few years’ taxes on their players. In the big picture, this isn’t something that’s going to inhibit Monaco from taking advantage of their slanted playing field.

In accepting this solution, the LFP’s agreeing with Rybolovlev, even if their statement touted the need for “equality and balance.” Having settled for such a small payment, the deal does little to achieve those ends. Though it may have symbolic value in getting Monaco to acknowledge their advantage, it won’t inhibit players from moving to the club. It won’t deter Rybolovlev from growing his team. It won’t stop Monaco from exploiting their advantage on the rest of their league.

But Ultimately, it does them no good to kick out Monaco. Perhaps France would have a more equitable competition, but they’d have it at the expense of their commercial growth, something that can’t be taken lightly for a circuit that continues to attract some of the world’s best talent. With clubs like PSG and Monaco in the league, Ligue 1‘s profile could eventually challenge that of the Serie A and Bundesliga. When that challenge translates into revenues, the rest of le Championnat‘s clubs may be better off.

At least, that the end game the LFP are hoping to see. Whether that transpires, only time will tell. After Friday’s agreement, however, the experiment is set to run its course. The LFP has signed off on Monaco’s competitive advantage, accepting a large if token payment in the process. Now Monaco has to make good on their promise.

FA Cup fourth round live! Scores, how to watch live, predictions

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The FA Cup always delivers shocks and plenty of Premier League clubs had tricky tasks facing them in the fourth round. One still has one, in fact.

After Aston Villa, Newcastle, Nottingham Forest, and Bournemouth were all knocked out by lower league opponents in round three, plus Everton, Chelsea, Crystal Palace, Arsenal, and Brentford knocked out by fellow Premier League sides, there were only 10 top-flight teams left in the competition.

[ LIVE: Follow FA Cup scores, updates ]

Arsenal lost narrowly at Manchester City in a heavyweight clash, while Brighton won late on against Liverpool, and Manchester United beat Reading easily. West Ham will be on upset alert as they face a tough trip to third-tier Derby County.

And then there’s Wrexham AFC, who nearly sprung a big upset of Sheffield United but will have to settle for a replay.

Read on for FA Cup stream info, fixtures, and predictions.


FA Cup live scores, schedule, dates, how to watch

Dates: Fourth round (January 27-30)
Times: Below
Online: Live updates via NBCSports.com
How to watch: ESPN+


FA Cup fourth round schedule

All games 10am ET unless otherwise stated

Monday
Derby County vs West Ham – 2:45pm ET

Results

Friday
Man City 1-0 Arsenal – Recap/video highlights

Saturday
Accrington Stanley 1-3 Leeds United
Walsall 0-1 Leicester City
Fulham 1-1 Sunderland
Bristol City 3-0 West Brom
Sheffield Wednesday 1-1 Fleetwood Town
Blackburn Rovers 2-2 Birmingham City
Luton Town 2-2 Grimsby Town
Ipswich Town 0-0 Burnley
Southampton 2-1 Blackpool
Preston North End 0-3 Tottenham Hotspur
Manchester United 3-1 Reading

Sunday
Brighton 2-1 Liverpool
Stoke City 3-1 Stevenage
Wrexham 3-3 Sheffield United


FA Cup fourth round predictions – By Joe Prince-Wright

Friday
Man City 2-1 Arsenal

Saturday
Accrington Stanley 1-3 Leeds United
Walsall 1-2 Leicester City
Fulham 1-2 Sunderland
Bristol City 1-2 West Brom
Sheffield Wednesday 2-1 Fleetwood Town
Blackburn Rovers 1-1 Birmingham City
Luton Town 3-1 Grimsby Town
Ipswich Town 1-3 Burnley
Southampton 2-0 Blackpool
Preston North End 1-4 Tottenham Hotspur
Manchester United 2-1 Reading

Sunday
Brighton 2-2 Liverpool
Stoke City 2-1 Stevenage
Wrexham 1-2 Sheffield United

Monday
Derby County 1-1 West Ham


FA Cup third round replays

Tuesday 

Swansea City 1-2 (AET) Bristol City
Forest Green Rovers 1-2 Birmingham City (original tie postponed due to waterlogged pitch)
Wigan 1-2 Luton
Wolves 0-1 Liverpool
West Brom 4-0 Chesterfield

Wednesday

Leeds United 5-2 Cardiff City

Tuesday, January 24

Accrington Stanley vs Boreham Wood


FA Cup third round results

Friday

Manchester United 3-1 Everton

Saturday

Preston North End 3-1 Huddersfield Town
Reading 2-0 Watford
Tottenham 1-0 Portsmouth
Gillingham 0-1 Leicester City
Forest Green Rovers vs Birmingham City — PPD
Crystal Palace 1-2 Southampton
Hull City 0-2 Fulham
Middlesbrough 1-5 Brighton
Fleetwood Town 2-1 QPR
Ipswich Town 4-1 Rotherham
Bournemouth 2-4 Burnley
Blackpool 4-1 Nottingham Forest
Chesterfield 3-3 West Brom
Millwall 0-2 Sheffield United
Boreham Wood 1-1 Accrington Stanley
Shrewsbury Town 1-2 Sunderland
Brentford 0-1 West Ham
Coventry City 3-4 Wrexham
Luton Town 1-1 Wigan
Grimsby Town 1-0 Burton Albion
Sheffield Wednesday 2-1 Newcastle
Liverpool 2-2 Wolves

Sunday

Bristol City 1-1 Swansea City
Derby County 3-0 Barnsley
Cardiff City 2-2 Leeds
Stockport 1-2 Walsall
Hartlepool 0-3 Stoke City
Norwich 0-1 Blackpool
Aston Villa 1-2 Stevenage
Man City 4-0 Chelsea

Monday

Oxford United 0-3 Arsenal


Anthony Gordon sold to Newcastle by Everton for $49.5 million

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NEWCASTLE, England (AP) Newcastle signed Anthony Gordon from Everton reportedly for an initial 40 million pounds ($49.5 million) on Sunday after the 21-year-old winger submitted a formal transfer request.

Newcastle said Gordon has signed a long-term deal as the team bolsters its squad for its tilt at qualifying for the Champions League. It is currently in third place in the Premier League.

“I think the fan base and the city really suits me as a person, the way the team are playing under the (manager Eddie Howe) at the minute really suits me, and the club just look like they’re heading in the right direction,” Gordon said.

[ MORE: Complete list of Premier League transfers ]

“I feel like it’s a really big step. People haven’t seen what I’m capable of yet.”

Gordon joined Everton’s academy at the age of 11 and made his senior debut as a 16-year-old in a Europa League match in December 2017.

Everton announced the departure of Gordon in a brief statement.

Howe described Gordon as a “top, top talent.”

“I’m really excited to work with him, to develop him, and I’m looking forward to seeing what he can do in a Newcastle shirt,” Howe added.

Premier League transfer news, live! Complete list of January transfers so far

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The January transfer window is again seeing big-name imports into the Premier League, and the final hours of the window are seeing a flurry of deals take place.

Chelsea’s signed Benoit Badiashile and Andrey Santos, Newcastle’s formally welcomed Garang Kuol, and Liverpool’s reinforced its forward ranks with Cody Gakpo joining the Anfield set.

[ TRANSFER NEWS: Liverpool | Chelsea | Tottenham | Man City | Man United | Arsenal ]

There’s plenty of discussion about Manchester United and Tottenham Hotspur making additions to deepen their squads’ top-four pushes, but nothing complete yet for either big name side.

The same is true for title-fighters Arsenal and Manchester City, though their top-end footing is a lot more stable.


Latest transfer deals developing – January 29

Weston McKennie to Leeds United is a developing deal as the American midfielder is set to join on loan until the end of the season, with Leeds having an option to buy him for $36 million.

Arsenal are pushing hard to sign Moises Caicedo, with the Ecuadorian midfielder not playing for Brighton in the FA Cup against Liverpool amid a reported new $86 million bid from the Gunners. Anthony Gordon has signed for Newcastle from Everton for a fee believed to be around $60 million.


AFC Bournemouth

In
Dango Ouattara (Lorient)
Darren Randolph (West Ham)
Antoine Semenyo (Bristol City)

Out
Ferdinand Okoh (Dorchester) Loan
James Hill (Hearts) Loan
Will Dennis (Slough) Loan
Noa Boutin (Gosport) Loan


Arsenal

In
Leandro Trossard (Brighton)
Jakub Kiwior (Spezia Calcio)

Out
Brooke Norton-Cuffy (Coventry) Loan
Miguel Azeez (Wigan) Loan
Arthur Okonkwo (Sturm Graz) Loan
Ovie Ejeheri (SJK Seinajoki) Loan
Harry Clarke (Ipswich Town)


Aston Villa

In
Aaron Ramsey (loan recall)
Tyreik Wright (loan recall)
Alex Moreno (Real Betis)
Jhon Duran (Chicago Fire)

Out
Cameron Archer (Middlesbrough) Loan
Tyreik Wright (Plymouth Argyle)
Frederic Guilbert (RC Strasbourg)
Indiana Vassilev (St. Louis City SC)
Danny Ings (West Ham)
Jan Bednarek (loan recall)
Morgan Sanson (Strasbourg) Loan


Brentford

In
Byron Wilson (Coventry)
Conor McManus (Bray Wanderers)
Fin Stevens (loan recall)
Mads Bech (loan recall)
Beaux Booth (Dorking)
Kevin Schade (Freiburg) Loan
Paris Maghoma (loan recall)
Romeo Beckham (Inter Miami) Loan
Nathan Young-Coombes (loan recall)

Out
Myles Peart-Harris (Forest Green Rovers) Loan extension
Aaron Pressley (Accrington) Loan
Lachlan Brook (Crewe) Loan extension
Edon Pruti (Hartlepool)
Mads Bech (Groningen) Loan
Ellery Balcombe (Bristol Rovers) Loan
Tariqe Fosu (Rotherham) Loan
Paris Maghoma (MK Dons) Loan
Charlie Goode (Blackpool) Loan


Brighton & Hove Albion

In
Facundo Buonanotte (Rosario Central)
Jamie Mullins (Bohemians)
Mark O’Mahony (Cork)

Out
Aaron Connolly (Hull) Loan
Reda Khadra (Birmingham)
Ed Turns (Leyton Orient) Loan
James Beadle (Crewe Alexandra) Loan
Leandro Trossard (Arsenal)


Chelsea

In
David Datro Fofana (Molde)
Benoit Badiashile (Monaco)
Andrey Santos (Vasco da Gama)
Joao Felix (Atletico Madrid) Loan
Mykhailo Mudryk (Shakhtar Donetsk)
Noni Madueke (PSV Eindhoven)
Malo Gusto (Lyon)

Out
Bashir Humphreys (Paderborn) Loan
Malo Gusto (Lyon) Loan

Chelsea transfer news
Benoit Badiashile (Photo by Darren Walsh/Chelsea FC via Getty Images)

Crystal Palace

Out
Killian Phillips (Shrewsbury) Loan
Jack Butland (Man Utd) Loan
John-Kymani Gordon (Carlise) Loan
Malcolm Ebiowei (Hull) Loan
Ryan Bartley (Eastbourne Borough) Loan
David Boateng (Dover) Loan


Everton

In
Ellis Simms (loan recall)
Nathan Broadhead (loan recall)
Niels Nkounkou (loan recall)

Out
Salomon Rondon (released)
Nathan Broadhead (Ipswich)
Tom Cannon (Preston) Loan
Niels Nkounkou (Saint-Etienne) Loan
Sebastian Quirk (Accrington Stanley)
Tyler Onyango (Forest Green) Loan
Anthony Gordon (Newcastle)


Fulham

In
Anthony Knockaert (loan recall)

Out
Idris Odutayo (Maidenhead) Loan extension
Anthony Knockaert (Huddersfield) Loan
Ibane Bowat (Den Bosch) Loan


Leeds United

In
Max Wober (RB Salzburg)
Georginio Rutter (Hoffenheim)

Out
Mateusz Klich (MLS pending)
Alfie McCalmont (Carlisle) Loan
Leo Hjelde (Rotherham) Loan
Max Dean (MK Dons)
Cody Drameh (Luton) Loan
Joe Gelhardt (Sunderland) Loan


Leicester City

In
George Hirst (loan recall)
Victor Kristiansen (Copenhagen)
Tete (Lyon)

Out
George Hirst (Ipswich) Loan
Ben Nelson (Doncaster) Loan
Jakub Stolarczyk (Hartlepool) Loan


Liverpool

In
Cody Gakpo (PSV)
Billy Koumetio (Austria Vienna) Loan recall
Max Woltman (loan recall)
Jakub Ojrzynski (loan recall)
James Balagizi (loan recall)
Fidel O’Rourke (loan recall)
Rhys Williams (loan recall)

Out
Jake Cain (Swindon Town)
Jarell Quansah (Bristol Rovers) Loan

Liverpool transfer news
Cody Gakpo photo vis twitter.com/LFC

Manchester City

In
Liam Delap (loan recall)
Maximo Perrone (Velez Sarsfield)

Out
Josh Wilson-Esbrand (Coventry) Loan
Liam Delap (Preston) Loan
Kayky (Bahia) Loan


Manchester United

In
Jack Butland (Crystal Palace) Loan
Wout Weghorst (Burnley) Loan

Out
Martin Dubravka (loan recall)
Shola Shoretire Loan (Bolton Wanderers)
Charlie Savage (Forest Green) Loan


Newcastle United

In
Amadou Diallo (free) 
Garang Kuol (Central Coast Mariners)
Martin Dubravka (loan recall)
Anthony Gordon (Everton)

Out
Garang Kuol (Hearts) Loan
Chris Wood (Nott’m Forest) Loan
Dylan Stephenson (Hamilton) Loan


Nottingham Forest

In
Gustavo Scarpa (Palmeiras)
Danilo (Palmeiras)
Alex Mighten (loan recall)
Chris Wood (Newcastle United) Loan

Out
Loic Bade (loan recall)
Dale Taylor (Burton Albion) Loan
Aaron Donnelly (Port Vale) Loan


Southampton

In
Mislav Orsic (Dinamo Zagreb)
Carlos Alcaraz (Racing Club)
Jan Bednarek (loan recall)
James Bree (Luton)

Out
Dynel Simeu (Morecambe) Loan
Dan Nlundulu (Bolton) Loan
Nico Lawrence (Torquay) Loan


Tottenham

In
Arnaut Danjuma (Villarreal) Loan


West Ham United

In
Luizao (Sao Paulo)
Armstrong Okoflex (loan recall)
Danny Ings (Aston Villa)

Out
Thierry Nevers (Bradford) Loan
Craig Dawson (Wolves)
Pierre Ekwah (Sunderland)
Darren Randolph (AFC Bournemouth)
Will Greenidge (Colchester) Loan


Wolverhampton Wanderers

In
Matheus Cunha (Atletico Madrid) Loan
Joe Young (loan recall)
Louie Moulden (loan recall)
Theo Corbeanu (loan recall)
Christian Marques (loan recall)
Lewis Richards (loan recall)
Mario Lemina (Nice)
Pablo Sarabia (Paris Saint-Germain)
Craig Dawson (West Ham)
Dan Bentley (Bristol City)
Ki-Jana Hoever (loan recall)

Out
Leo Bonatini (released)
Joe Young (Telford) Loan
Goncalo Guedes (Benfica) Loan
Theo Corbeanu (Arminia Bielefeld) Loan
Leonardo Campana (Inter Miami)
Connor Ronan (Colorado Rapids)
Fabio Silva (PSV) Loan
Matija Sarkic (Stoke) Loan
Ki-Jana Hoever (Stoke) Loan
Jackson Smith (Walsall) Loan

Premier League transfers
Wolverhampton Wanderers’ Matheus Cunha  (Photo by David Davies/PA Images via Getty Images)

Transfer Deadline Day, live! Join our show, send questions, analysis

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Transfer deadline day is almost here for January 2023, as the winter window shuts at 6pm ET on Jan. 31 for Premier League clubs.

[ LIVE: Every Premier League transfer deal as it happens ]

The clock is ticking late in the window and we will have all angles covered for you here at Pro Soccer Talk.

[ TRANSFER NEWS: Liverpool | Chelsea | Tottenham | Man City | Man United | Arsenal ]

From clicking on the links above to read the latest reports and analysis, having Sky Sports News live on Peacock all day long and to our own Pro Soccer Talk live deadline day show which starts at 5:30pm ET on Jan. 31, you won’t miss a thing.

WATCH: Sky Sports News live on Transfer deadline day on Peacock

Click on the video below to send in your questions for the PST crew for our deadline day chat where we will round up all of the deals happening late in the window, dish out grades to Premier League teams based on their business and give our analysis on the best signings of the January window.