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REAL MADRID

Monaco forced to pay millions in tax to Spain over James transfer

French Ligue 1 side Monaco were forced to pay almost 12 million euros to Spain's tax authorities over the transfers of stars including Colombian James Rodriguez, the Football Leaks investigation said on Wednesday.

James Rodriguez
GIUSEPPE CACACE AFP

French Ligue 1 side Monaco were forced to pay almost 12 million euros to Spain's tax authorities over the transfers of stars including Colombian James Rodriguez, the Football Leaks investigation said on Wednesday.

The Principality outfit had to pay an estimated €6.6 million for the Rodriguez transfer, according to French news site Mediapart, one of the 12 European media organisations aiming to expose financial fraud in the game through Football Leaks.

James Rodriguez

James Rodriguez

Monaco signed Rodriguez for 45 million euros from Porto in 2013 and sold him for a reported 80 million euros to Real a year later.

The club also paid the Spanish taxman €5.1 million in tax on profits from the sales of Belgian Yannick Carrasco to Atletico Madrid and Tunisian Aymen Abdennour to Valencia.

Spain views the Principality of Monaco, where the Ligue 1 club is based, as a tax haven and imposes a 19 percent tax on profits from sales into the Spanish market.

Yannick Carrasco in action for Atletico Madrid

Yannick Carrasco in action for Atletico Madrid

Monaco confirm "litigation in process"

Contacted by Mediapart, Monaco confirmed that a "litigation is in process" but did not comment on the sums reported.

"The amounts were paid but are contested," said Monaco's management.

Mediapart put the total amount Monaco have paid Spain's tax authorities at around 11.7 million euros.

On Tuesday, France's national financial prosecutor's office said they had opened a preliminary inquiry into tax fraud and money laundering in the wake of the Football Leaks revelations.