For all its riches, AS Monaco faces taxing times


Monaco's fans cheer their team during the French Cup final football match against Paris Saint-Germain at the Stade de France in Saint-Denis, in this May 1, 2010 file photo. REUTERS/Charles Platiau/Files

LONDON (Reuters) - Football club AS Monaco is living up to the principality's reputation for big spending as it prepares for its return to the French first division next season.

Bankrolled by Russian owner Dmitry Rybolovlev, the club has signed coveted Colombian striker Radamel Falcao as part of a 120 million euro ($160 million) investment to try to regain a place among Europe's elite despite attracting only a few thousand fans to home games at the Stade Louis II.

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