It's amazing what an injection of millions of euros can do to a football club. How many times in the last few years have we seen a football club taken over by an overseas investor? Perhaps Manchester City are the best example of when big spending can work. And the same fate could happen in the south of France.
The turning point for Monaco came in 2011, when Dmitry Rybolovlev acquired a 66% stake in the club. The multi-billionaire promised to invest in the team. And boy, didn't he just.
With the club struggling and playing the the French second division, former Chelsea boss Claudio Ranieri was appointed manager, and after losing just four games in one season, Monaco were back in the top league.
It seems remarkable that a club with a smaller average attendance than Conference side Luton Town would attrract such big investment, and eventually sign big-name stars.
Despite these big-name signings, along with the likes of Eric Abidal and Ricardo Carvalho, can Monaco once again become a dominant force, both domestically and in Europe?
You only need to look east, in Russia, where Anzhi Makhachkala thought it would be a good idea to spend on the likes of Samuel Eto'o and Chris Samba. But now they are struggling financially, and have had to sell their star players, so it really got them nowhere.
The good thing for Monaco is they have been title winners before, winning Ligue 1 seven times in their history. They also have some of the best attackers in the world playing for them, and Falcao has already scored seven goals in nine games.
And realistically, fellow big spenders PSG look the only other title contenders. Both have made good starts to the league, and have the same league record. It may be too early to say it is a two-horse race, but compared to the other teams in the league, you only have to look at the squads of Monaco and PSG to get your answer.
Perhaps the only reason Monaco may not win the league is because of PSG. They are the current holders of the league, and made it to the quarter-finals of the Champions League, only to lose to Barcelona on away goals, so they have the experience in their squad.
But the way it is going, it could prove to be one of the most exciting title races in Europe.
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