AS Monaco has paid fifty million euros to the French Football Federation to end a tax dispute.
The club plays in the French league, but as Monaco is a tax-free principality, the players are currently allowed to keep their whole salaries.
Meanwhile, French clubs in the same league are liable for a 75 percent tax on earnings topping one million euros.
The payment ends a disagreement that could have seen the club forced to move to France, facing suspension if they did not relocate.
But all’s well that ends well. Having made the payment, the club will be allowed to remain at the Stade Louis II and continue to play in the French league, without having to adhere to the country’s current tax regulations.
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