Footy clubs for money laundering

[John Madejski's Wallet]

I know SC has been going on about it in the footy finances thread, but thought it could do with re-iterating......

From the current cricket bribery court case, this bit took my eye

Mr Majeed claimed he channelled the money he received from match-fixing through the football club he owned, Croydon Athletic, and had opened Swiss bank accounts for his Pakistan players, the court heard.

He told Mr Mahmood: "I have the football club, and I move a lot of it through. The only reason I bought a football club is to move cash."

http://www.bbc.co.uk/news/uk-15258744


........ And how on God's green earth can you launder money like that through such a tiny club??


***apologies if Dodd

[FiNeRaIn]

Once upon a time there was a game called football...and people cared.

[Ian Royal]

I know SC has been going on about it in the footy finances thread, but thought it could do with re-iterating......

From the current cricket bribery court case, this bit took my eye

Mr Majeed claimed he channelled the money he received from match-fixing through the football club he owned, Croydon Athletic, and had opened Swiss bank accounts for his Pakistan players, the court heard.

He told Mr Mahmood: "I have the football club, and I move a lot of it through. The only reason I bought a football club is to move cash."

http://www.bbc.co.uk/news/uk-15258744


........ And how on God's green earth can you launder money like that through such a tiny club??


***apologies if Dodd

Just imagine what you could do with a club the size of Pompey, or Leicester, or QPR.

Probably

[John Madejski's Wallet]

I know SC has been going on about it in the footy finances thread, but thought it could do with re-iterating......

From the current cricket bribery court case, this bit took my eye

Mr Majeed claimed he channelled the money he received from match-fixing through the football club he owned, Croydon Athletic, and had opened Swiss bank accounts for his Pakistan players, the court heard.

He told Mr Mahmood: "I have the football club, and I move a lot of it through. The only reason I bought a football club is to move cash."

http://www.bbc.co.uk/news/uk-15258744


........ And how on God's green earth can you launder money like that through such a tiny club??


***apologies if Dodd

Just imagine what you could do with a club the size of Pompey, or Leicester, or QPR.

Probably

Yeah Pompey, Cardiff, Leicester & QPR (old & new owners) came to mind too. Especially in light of the TV doc recently

[Friday's Legacy]

barnsley were mentioned in the recent documentary featuring the corruptable brian robson, as a club that can be bought and abused before selling for a supposed profit, as per leicester, cardiff and a sheffield club. (wednesday istr)

[Ian Royal]

barnsley were mentioned in the recent documentary featuring the corruptable brian robson, as a club that can be bought and abused before selling for a supposed profit, as per leicester, cardiff and a sheffield club. (wednesday istr)

Seeing as Utd went down you can probably assume both Sheffield clubs now.

[Svlad Cjelli]

The thing is that football clubs are virtually 100% cash businesses, and this coupled with lax accounting processes, leave so much open to the unscrupulous.

[Red]