Monaco president announces Radamel Falcao signing by 60 million euro

Monaco president announces Radamel Falcao signing by 60 million euro.Monaco’s billionaire Russian owner Dmitry Rybolovlev announced on Friday the signature of Colombia forward Radamel Falcao from Atletico Madrid in a deal believed to be worth around 60 million euros ($77 million).

“I would like to officially announce that Falcao has signed his contract,” Rybolovlev said through a French interpreter at an event celebrating Monaco’s promotion to the French top flight next season with Prince Albert of Monaco and coach Claudio Ranieri also present.

Rybolovlev did not give details on the amount of transfer, although Monaco said the site had signed the player for five years.

Although the fee was not disclosed, media sources in France say it is one of the largest, if not the most important in the country’s history.

Vice President Monaco Jean-Louis Campora added: “We will not give details on the content of the contract at this time because we have a call, we will give them in the future.”.Monaco president announces Radamel Falcao signing by 60 million euro

This appeal is from a decision by the Professional Football League (LFP), which requires teams to be based Ligue 1 in France.

Falcao had a € 60 million buy-out clause in his contract but Atletico some media claim the actual transfer fee of 45 million euros with the player due to collect an annual salary of 14 million euros.

If these figures are accurate, it would still make Falcao one of the most expensive in the history of French football purchases.

Larger current transfers were 40-45000000 euros Paris Saint-Germain paid AC Milan Brazilian Thiago Silva and € 40 million, they returned to Sao Paulo for Lucas Moura.

Since it was bought by the Qatar Investment Authority in 2011, PSG was French football club on his head by a hitherto unheard of and unparalleled potential spending in the country.

But Rybolovlev has already shown during the closing period, since his side won promotion back to Ligue 1, it is ready to compete with his checkbook.

“I want to thank all those who have believed in our success,” said the owner.

“Managing as important as Monaco is a great honor club. I have a great feeling and pride, but it is only the beginning. ”

However, the financial strength of Monaco is in part facilitated by the favorable tax laws of the Principality.

While high taxes in France prevent teams pay the kind of wages offered in other major European leagues, such as England, Germany, Italy and Spain, Moanco is not subject to the same laws tax, which gives the club an advantage over their domestic rivals.

But the decision of the LFP would change everything for Monaco, and perhaps reduce their spending capacity.

The club appealed the decision and await adjudication.

Falcao came in Monaco on Monday night and began a medical visit Tuesday while the details of the agreement were being finalized.

Since the 27-year-old returned to Madrid, where he still has a commitment last league match to fill with Atletico.

According to some sources, there is a get-out clause within a year if one of the so-called big clubs in Europe, come to Falcao.

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