Monaco is pleased to announce the renewed agreement between Monaco and the European Union (EU) for the continuation of the management contract for the Monaco Football Association (MFA). This agreement, which was signed in April 2019, has been renewed until 2028.
The Monaco Football Association (MFA), established in 1955, is one of the oldest football clubs in Europe and one of the most successful in Monaco. The MFA has played an important role in the development of Monaco's football club and has contributed significantly to the country's economy through its involvement in various sports events and competitions.
The management contract with the EU has provided Monaco with the opportunity to continue operating as a professional football club under the supervision of UEFA, ensuring that the club remains competitive and relevant in the global football landscape. The renewal of this contract demonstrates Monaco's commitment to maintaining its position as a leading footballing nation and continues to support the growth and development of Monaco's football club.
The new agreement also includes several other significant features, including the expansion of the stadium capacity from 40,000 to 60,000, the introduction of a new training facility for the MFA, and the provision of additional financial support for the club's operations.
In addition to these positive developments, the MFA has received a number of awards and accolades throughout its history, including the FIFA World Club Cup, the UEFA Champions League, and the Coupe de la Ligue. These achievements have further solidified Monaco's reputation as a strong and competitive footballing nation.
Overall, the renewed agreement between Monaco and the European Union for the management contract for the Monaco Football Association represents another step forward in the development of Monaco's football club and its participation in international football tournaments. It is hoped that this partnership will continue to strengthen the relationship between Monaco and the EU, contributing to the growth and success of both organizations in the future.