Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

No strategy and a beige suit

Read more

THE WORLD THIS WEEK

The World This Week - 29 August 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 29 August 2014

Read more

ENCORE!

Alain Choquette: A Hilarious Magician in Paris

Read more

FOCUS

France welcomes Iraqi Christian refugees

Read more

FRANCE IN FOCUS

Emmanuel Macron: A new economy minister with a pro-business agenda

Read more

THE OBSERVERS

More of this year's best Observers stories

Read more

#TECH 24

Changing the world, one video game at a time

Read more

IN THE PAPERS

Socialist Party summer conference kicks off in explosive atmosphere

Read more

  • Exclusive: Fabius warns of further sanctions against Russia

    Read more

  • British killer escapes from French psychiatric hospital

    Read more

  • First case of Ebola confirmed in Senegal

    Read more

  • Police hunt for British boy with brain tumour taken to France

    Read more

  • Chelsea’s Torres set for AC Milan switch

    Read more

  • Ukraine to relaunch NATO membership bid

    Read more

  • France shines in IMF list of world’s promising economists

    Read more

  • Mapping Ukraine: Canada and Russia in ‘tweet for tat’ row

    Read more

  • Obama has 'no strategy yet' on potential Syria strikes

    Read more

  • Netflix to woo French with ‘House of Cards’ set in Marseille

    Read more

  • French businesses ‘hoping for a new Thatcher’

    Read more

  • Syrian refugees surpass 3 million, UN says

    Read more

  • West backs Ukrainian claims of Russian incursion

    Read more

  • Libyan PM resigns as Islamists set up rival administration

    Read more

  • UN says 43 peacekeepers captured in Golan Heights

    Read more

  • The deleted tweets of Manuel Valls

    Read more

  • Peru seizes record 6.5 tonnes of Europe-bound cocaine

    Read more

  • Pakistan army to mediate between PM, protesters

    Read more

  • In pictures: Billions of locusts invade Madagascan capital

    Read more

  • Brad Pitt and Angelina Jolie say ‘I do’ in France

    Read more

Sport

Porto's Rodriguez, Moutinho head to Monaco for €70m

Text by News Wires

Latest update : 2013-05-25

FC Porto has struck a €70 million deal with Monaco for midfield players James Rodriguez and Joao Moutinho, the Portuguese club revealed on Friday.

AS Monaco have reached agreement with Porto to sign Joao Moutinho and James Rodriguez, the club announced on Friday.

The Portuguese champions revealed that the deal was worth a combined fee of 70 million euros ($90.6m).

Monaco, who will be back in the French top flight next season after winning the second-tier title, said 26-year-old Portuguese international midfielder Moutinho and 21-year-old Colombian international forward Rodriguez had both agreed five-year deals.

Porto said Rodriguez was valued at 45 million euros and Moutinho at 25 million, with the deal "the biggest in Portuguese football history."

Porto will make a massive profit on both, with Moutinho costing 11 million euros when he signed from Sporting in July 2010.

Rodriguez signed the same month from Argentine club Banfield for 5.1 million euros.

The deal is a sign of Monaco's intention to challenge towards the top end of Ligue 1 next season, with no other club currently able to compete with champions Paris Saint-Germain's financial might.

Monaco, backed by Russian billionaire owner Dimitri Rybolovlev, currently benefit from the favourable tax laws in place in the Mediterranean principality.

Foreigners playing for the club do not pay income tax, while French players have paid less in national insurance contributions than they would at other clubs in France.

A decision taken in March by the French football league (LFP) means Monaco will be subject to the same tax laws as other French clubs from June next year, although the club themselves have promised to fight the new rules.

Claudio Ranieri's side have also been heavily linked with a 60 million-euro move for Atletico Madrid's Colombian striker Radamel Falcao.

(AFP)

Date created : 2013-05-24

  • FOOTBALL

    Mourinho to leave Real Madrid at end of season

    Read more

  • FOOTBALL

    Ligue 1 title no paradise for Paris Saint-Germain

    Read more

  • FOOTBALL

    Ancelotti’s request to leave turned down by PSG

    Read more

COMMENT(S)