Sports
Football, Money-Laundering Vehicle – Study
The multi-billion dollar global football sector has become a vehicle for money laundering and other forms of corruption, requiring an international response, a study published last week stated.
“Money laundering through the football sector is revealed to be deeper and more complex than previously understood,” said the Financial Action Task Force (FATF), an intergovernmental body formed to fight money laundering and terrorist financing.
The Paris-based group said its analysis found that “there is more than anecdotal evidence indicating that a variety of money flows and or financial transactions may increase the risk of money laundering through football.”
The football sector has in addition provided opportunities for other criminal activities such as trafficking in human beings and drugs, according to the FATF.
Based on responses to a questionnaire received last October from government and football authorities in 25 countries, more than 20 cases of football-related money laundering were detected, the task force said.
The cases ranged from the smuggling of large amounts of cash derived from apparently illegal transactions to more complex operations.
“Investments in football clubs can be used to integrate money of illegal origin in the financial system,” the study found. “Football clubs are indeed seen by criminals as the perfect vehicles for money laundering.”
Football since the early 1990s has undergone massive commercialisation through expanded television rights and corporate ownership. Player transfer payments have now reached “astounding dimensions,” the study said.
While there are no overall figures on the global financial scope of the football sector, the European market alone, according to the Deloitte Annual Review of Football Finance, was worth 13.8 billion euros (19 billion dollars), or 0.1 per cent European Union gross domestic product in 2007.
“The cross border money flows that are involved may largely fall outside the control of national and supranational football organisations, giving opportunities to move and launder money.”
Betting too enables huge flows of money to take place outside the control of governing bodies.
The FATF study found that “several cases linked to trafficking in human beings involve individuals directly or indirectly linked to the world of football.”
It described the circumstances surrounding the recruitment of players in Africa and Latin America as “unclear.”
And it said that with forbidden drugs and other substances now widely available over the Internet, there is expanded scope for organised crime to operate.
The study said that to fight corruption in football a greater understanding of the risks of money laundering associated with the game is needed on the part of government bodies and the private sector.
It argued that given the international nature of the sport, there should be greater standardisation of regulations governing management of the football sector worldwide.
“International cooperation and information sharing are key factors in the fight against money laundering” in football, the study also stressed.
Sports
CAA Wants Ghana To Host 2026 Athletics Champions
The Confederation of African Athletics has invited Ghana to bid for the hosting rights of the 2026 African Athletics Championships, following a successful athletics event at the just concluded 2023 African Games.
President of Ghana Athletics, Bawa Fuseini, stated this and expressed confidence in the transformative potential of the Legon Stadium for athletes and Ghana’s bid to host international competitions.
With a capacity of 11,000, the Legon Stadium played a pivotal role in the recent African Games, hosting both the opening and closing ceremonies as well as various sporting events including athletics, football, and rugby.
Fuseini highlighted the success of the athletics events held at the stadium, which contributed to Ghana winning six medals.
“We have already started getting requests from the Confederation of African Athletics to bid for the 2026 African Athletics Championships.
“When they came and saw what we have put in place and the level of organisation, they told me that for the last 20 years, they’ve never seen any organisation like this before. We did three official courses. And the last one, we had 110, all of them passed. We had a lot of officials and equipment.”
Since its establishment in 1979, Ghana has never hosted the African Athletics Championships, with Nigeria being the host country twice, in 1989 and 2018.
This year, Cameroon will take the reins as the host nation, with the event set to be held at the Olembe Stadium.
Sports
‘I’m Not Under Pressure To Coach Eagles’
Finidi George, head coach of the Nigeria Premier Football Leagues side, Enyimba, has stated that he is not losing any sleep over getting the Super Eagles job on a permanent basis.
Early this month, the Nigeria Football Federation declared the position of the Super Eagles’ head coach vacant, following the exit of Portuguese Jose Peseiro, who led the side to a second-place finish at the 2023 Africa Cup Nations in Ivory Coast in February.
In an advertisement on its website calling for applications with a March 13 deadline, the football governing body stated that the prospective Eagles coach “must have proven experience at the elite level of football.”
The former Ajax man, who also applied for the job, was appointed Eagles interim coach for the international window with the former winger picking a win and suffering a defeat.
In an interview with Tidesports source, the 52-year-old tactician said he was not desperate for the job permanently.
“I felt really good when I was told to take charge of the team. I have been with the team for almost two years, I know all the players, their strengths, and their weaknesses but I am only here to serve Nigeria the way I know how to do stuff.
“I will just take these two games and go back to my club. Whatever the decision is taken after, so be it. I’m not under pressure to say I must get the role permanently.”
Sports
‘Reasons Why Eagles Lost To Mali’
The friendly games against Ghana and Mali were to serve as an audition for George Finidi, who was in charge of the team on an interim basis, but the Eagles’ lacklustre display in those friendlies has called for his further evaluation.
Finidi kept faith with ex-coach Jose Peseiro’s defensive formation against Mali on the back of his first win (against Ghana) in charge of the team four days earlier.
But this time, his defence was punished following a combination of defensive errors and poor passes.
The Eagles struggled to play out of defence due to the high pressing of the Malians and it was no surprise that the first goal by Les Aigles was a direct result of their aggression.
Chidozie Awaziem, who started on the right of the back three alongside Kenneth Omeruo and Semi Ajayi, lacked composure and was pressured into making a pass across his box straight at Bilal Toure, who made no mistake in getting the ball past Stanley Nwabali. They missed the calming presence of injured William Troost-Ekong.
Vice captain, Kenneth Omeruo, was also culpable of misplaced passes and was beaten for pace when Kamory Doumbia ran past him to seal Mali’s first win in over four decades, firing his shot past a helpless Nwabali, who stood no chance.
Eagles wing backs, Bright Osayi-Samuel and Jamilu Collins also did not do enough to support the team in attack when they had the chance to.
Lack of creativity
Finidi paired Raphael Onyedika and Wilfred Ndidi in a double pivot in midfield. Both players are naturally anchor men and neither is a box-to-box midfielder.
They both do not possess the offensive capability to drive the team’s attack forward, which left the Eagles once again craving for a natural creative midfielder.
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