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Quest: Why should sports clubs be exempt?

November 4th, 2013
11:34 AM ET

It's said nothing is certain in life except for death and taxes.

For French football clubs it's a new punitive tax law that's worrying them to death. They fear one of Europe top leagues, newly resurgent following significant investment from mega wealthy Qataris and Russians, could be irreparably damaged by the tax.

On Thursday, French president Francois Hollande told a delegation of professional French football club leaders he wouldn't abandon the government's plan for a 75% tax on salaries reaching more than a $1.35 million.

French football clubs have been lobbying hard against the tax, arguing it endangers their future. It's estimated the tax could increase their costs by up to 30%.

And they feel so strongly over the matter that they plan to go on strike.

Read: Soccer clubs to strike over tax hike

So if you're a French football fan don't expect to be watching the likes Paris Saint-Germain striker Zlatan Ibrahimovic or Monaco forward Falcao in action between 29 November and 2 December.

If it goes ahead it would France's first football "strike" since 1972.

Richard Quest explains why he thinks fixing France's economy is more important than keeping soccer clubs happy.

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