Brought to you by: Monaco Life
The president of European football’s governing body, UEFA, Aleksander Ceferin, has called for more commitment from Europe’s political leaders to support measures to regulate the transfer market.
“I have heard some very prominent politicians, such as the German Chancellor Angela Merkel just a few days ago, condemning financial developments in football and calling for greater sporting balance,” Ceferin said in his opening speech to the UEFA Congress in Geneva on Wednesday, September 20.
“To all the European politicians, let me say that we cannot agree more, but I cannot say that you have done much to help us set things straight so far.
“We are open to any and all reforms that would serve the good of the game. We are imaginative and we are committed, and we are just waiting for the green light from those who have yet to enable us to put it right.”
Chancellor Merkel recently criticised France’s Paris Saint-Germain for its spending in the summer transfer window. The club committed itself to the two biggest fees in history to sign Neymar from Barcelona for $264 million and Kylian Mbappe from Monaco for €180 million.
“Such sums are comprehensible to no one. UEFA and FIFA should readjust the rules on player transfers to ensure greater balance. Otherwise, the transfer fees threaten to rise further,” Merkel said.
UEFA said earlier this month said it had opened an enquiry into whether PSG had broken its rules on Financial Fair Play designed to stop clubs spending more than they earn.
Fraser has become the first yachting company in Monaco to sign the official National Pact for Energy Transition with the Monaco Government.
Artcurial is preparing to take up its summer quarters at the Hôtel Hermitage for the Summer Auction from 16th to 21st July.
The legendary Monte Carlo Casino is appealing to a whole new generation of players, launching on Friday the world’s first ever connected French roulette game.
The MEB has met with the Economic Development Department to strengthen collaborations and learn more about the role of each group.