SBD Global/February 14, 2014/Finance

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  • Paris St. Germain Among Seven Clubs Seeking Monaco Tax Deal Cancellation

    Seven French clubs including Ligue 1 leader Paris St. Germain said that they are "taking legal action to obtain the cancellation of the deal that settled a year-long dispute over Monaco’s tax advantage," according to Blachier & Canellas of REUTERS. Monaco announced in January that it would pay $67.9M to the French Football League (LFP) as "part of a deal that would ‘guarantee the club their participation in the championship while keeping their headquarters in the principality.'" The club, owned by Russian billionaire Dmitry Rybolovlev, "threatened legal action in May against a league edict" that it had to move its headquarters to France, "thereby ending tax exemption for their players." The other clubs taking action are Ligue 2 side Caen and Ligue 1 clubs Girondins Bordeaux, Lille, Lorient, Olympique Marseille and Montpellier. The clubs argued that "last month's deal had been 'rushed and non- transparent' and did not 'respect some basic law principles'" (REUTERS, 2/13).

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  • Brazilian Court Rejects Santos Injunction Requesting Neymar Transfer Documents

    A Brazilian court has rejected an injunction brought by Neymar’s former club Santos requesting access to "all the documents relating to the player’s controversial transfer to Barcelona last summer," according to Dermot Corrigan of ESPN. Santos announced that the club had "taken legal action to secure the documents" after contacting both Barcelona and Neymar’s father to "try to clarify exactly how much was paid to whom." Santos said that it will now "appeal the verdict" (ESPN, 2/13).

    Print | Tags: Finance, Brazil
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