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Monaco in limbo due to France move

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Monaco in limbo due to France move

Monaco are a club where time is standing still after the French Football League\’s decision to put an end to their privileged financial position, the principality outfit\’s vice-president claims.

The LFP\’s administrative council ruled last month that clubs would have to have their headquarters based in France by June 2014 or face exclusion from their competitions. Such a move would result in Monaco losing the advantage it holds from a 19th-century agreement with France which means foreign players at the club do not pay income tax, and also significantly increase the club\’s own contributions to the French state.

The Ligue 2 leaders appealed to the French Football Federation last week to reverse the decision, but with a cloud of uncertainty hanging over the club, any future plans have had to be put on hold.

\”We\’re now reduced to just waiting,\” Jean-Louis Campora, Monaco vice-president, told L\’Equipe. \”We\’re going to ask to be compensated for our financial losses as the measure taken is nothing less than one of exclusion. We haven\’t been able to do anything for the last two weeks. The club is on stand-by waiting for the situation to be cleared up.\”

The situation is all the more pressing given Claudio Ranieri\’s men have a four-point lead atop the second tier of French football, and seven points in hand over fourth-placed Caen, the first team outside the automatic promotion places, with eight games remaining. With a return to Ligue 1 beckoning after a two-season hiatus, Campora is concerned the club will not be ready if and when it steps back into the big time.

\”We can no longer plan for anything whether it be the youth academy or the first team,\” the 74-year-old said. \”We can\’t work on next season either as no agent wants to sit down at the negotiating table without knowing what\’s going to happen. It\’s exactly the same thing with the sponsors.\”

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