French Court Quashes 'Disputed Deal' That AS Monaco Struck With Tax Authority

France's highest administrative court has "struck down a disputed deal that allows AS Monaco to play in the French football league without losing the benefit of being fiscally based in a tax haven," according to Brian Love of REUTERS. After complaints from rival clubs in a sport dominated by lucrative TV rights and player contracts, France's Conseil d'Etat "quashed" a '14 change in the league statutes to "allow Monaco to compete without losing its fiscal base in the low-tax principality on France's southeastern border." The court said that it would "allow the two sides four months to resolve the issue so as not to disrupt organisation of next season's competitions, with the ruling taking effect in October" (REUTERS, 7/9).