Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Search of Air Algerie crash site continues

Read more

MEDIAWATCH

Sarkozy, Hollande and the scooter wars

Read more

MEDIAWATCH

Confusion online over Air Algérie flight

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - July 25th, 2014

Read more

REPORTERS

Halal tourism on the rise

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

FRANCE IN FOCUS

WWI Centenary: the battle for Verdun

Read more

THE BUSINESS INTERVIEW

When big companies want to do good

Read more

  • Hamas opens fire on Israel despite offer to extend humanitarian truce

    Read more

  • Photos: Youths clash with police at banned Gaza protest in Paris

    Read more

  • Bodies of all Air Algérie crash victims to be brought to France

    Read more

  • Germany's Tony Martin wins 20th stage of Tour de France

    Read more

  • Kidnapped Briton freed after five months' detention in Yemen

    Read more

  • US evacuates embassy in Libya amid militia clashes

    Read more

  • Kerry in Paris for new round of Gaza ceasefire talks

    Read more

  • Nibali rides serenely toward a place in Tour history

    Read more

  • Video: 'Lack of security' at MH17 crash site, FRANCE 24 reports

    Read more

  • In pictures: Devastation, debris at Air Algérie crash site

    Read more

  • Washington Post reporter and his wife arrested in Iran

    Read more

  • French families grieve for Algerian plane crash victims

    Read more

  • Lithuania’s Navardauskas wins 19th stage of Tour de France

    Read more

  • LA Times wipes France off the map in air crash infographic

    Read more

  • Fans electrify the mood as Tour de France crosses the Pyrenees

    Read more

  • French lawyer files complaint against Israel at ICC

    Read more

  • Protest against Gaza offensive turns deadly in West Bank

    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)