PARIS (AP) French soccer club Monaco has denied accusations it tried to bypass Financial Fair Play rules through a fake contract with a marketing agency.
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Monaco says stories published by the Mediapart website and other media as part of a “Football Leaks” series “contain false information and many inaccuracies.”
According to Mediapart, Monaco owner Dmitry Rybolovlev attempted to hide illegal funding behind a marketing contract involving an offshore structure of companies in the British Virgin Islands and Hong Kong.
Monaco says it signed a deal with the AIM agency but insists the “contract (which proved to be too ambitious and unachievable) has never been executed and as such never entered the club’s account ... It has therefore at no time been used in the context of Financial Fair Play.”
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