Giuly confident of Monaco survival
By Alex Livie
Last Updated: 01/01/70 1:00am
Monaco finished second in Le Championnat and secured a place in the Champions League, but this did not stop the French Professional League (LFP) from demoting them on Wednesday on financial grounds.
The Principality side are believed to have debts in the region of é¼70 million, and club president Jean-Louis Campora has been searching for a buyer for much of the season.
The LFP were not given suitable guarantees that the debts would be cleared at a meeting, and ruled on Wednesday that Monaco would be relegated.
The club have already decided to lodge an appeal, and club captain Giuly is confident of a positive outcome.
"My reaction?" he said when quizzed on the situation. "I don't know much about it.
"There are six days to appeal so one should not panic.
"My belief is that the right outcome will be reached, but one never knows."
The decision has not come as a shock to star midfielder Jerome Rothen, who told L`Equipe: "We weren't exactly expecting it, even if it was being talked about as a possibility in December."