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Football, Money-Laundering Vehicle – Study

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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.

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Barcelona Open: Nadal’s Comeback Ended By World No 11

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Rafael Nadal’s injury comeback was ended by Alex de Minaur as the 12-time champion waved goodbye to the Barcelona Open for possibly the final time. Nadal, 37, returned to court on Tuesday after a three-month absence, making light work of 21-year-old Italian Flavio Cobolli in a straight-set win.
A day later, Nadal lost 7-5 6-1 to world number 11 De Minaur in round two.
Nadal, a 22-time major winner, has indicated he plans to retire in 2024 if he is unable to compete regularly.
The former world number one, now ranked 644th, has only played five matches since January 2023 because of hip and abdominal injuries.
Nadal is hoping to be fit enough to make a return to the French Open, where he won a record 14 men’s singles titles, next month.
Facing a player of De Minaur’s pedigree was always likely to be a considerable step up, and a truer test of his level than his comeback outing against 62nd-ranked Cobolli.
The 25-year-old Australian tried to test Nadal’s movement by using drop shots early in the match, an effective tactic which helped him move 2-0 in front and tee up another break point for 3-0.
But Nadal survived to hold and improved his level, producing a number of explosive cross-court backhand winners as he fought back to lead 4-3.
Another backhand winner, this time down the line, even drew a clap of the strings from De Minaur and teed up another break point for Nadal.
Taking the chance would have left Nadal serving for the set, but De Minaur recovered and won 19 of the next 24 points to win an opener lasting more than an hour.
After so long out, and with playing on consecutive days, Nadal’s endurance was always going to be tested, particularly against an opponent known for his athleticism.
De Minaur played smartly in a one-sided second set and broke Nadal’s serve three times, silencing the Barcelona crowd in the process, to secure an impressive victory.
Nadal left the court bearing his name – for what could be the final time – to a standing ovation and rapturous send-off.
Meanwhile, British men’s number two Jack Draper reached his 10th ATP Tour quarter-finals at the BMW Open in Munich.
Draper, 22, fought back after a rain delay to earn a 4-6 6-1 6-1 win over
German world number 179 Rudolf Molleker at the clay-court event.

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Leverkusen Chief Backs Alonso To Join Madrid

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Bayer Leverkusen chief executive Fernando Carro has claimed that Xabi Alonso will coach Real Madrid, while also lending fresh hope to Liverpool.
Alonso’s remarkable success at Leverkusen, who clinched their first-ever Bundesliga crown at the weekend, has positioned him as one of the most sought-after managers in Europe, with Liverpool and Bayern Munich previously leading the chase. Despite the interest, the 42-year-old Spaniard has affirmed his commitment to remain at the helm of the Bundesliga outfit for at least one more season.
However, Leverkusen’s leadership acknowledges the challenge of retaining Alonso over the long term, given his burgeoning reputation and the inevitable interest from top clubs across Europe. Among the potential destinations for Alonso, Real Madrid stands out prominently as Carro expressed his belief that Alonso could eventually return to the Spanish capital, where he enjoyed a distinguished playing career.
Speaking to Tidesports source, Carro also suggested Liverpool still have a chance of striking a deal for Alonso one day, as he stated: “I have no doubt that Xabi Alonso will coach Real Madrid at some point. What I am not clear about is when, but that he will end up at Real Madrid I have no doubt, as it is also possible that he trains Liverpool or Bayern.
There are a lot of clubs interested, that’s how it is, which doesn’t mean that in the future he can’t coach some of the clubs mentioned, especially his former teams as a player. But he feels comfortable here, otherwise he wouldn’t continue. We will maintain our ambition to play in the Champions League next year.”
Despite Real Madrid’s current managerial stability under Carlo Ancelotti, whose contract is due to run until 2026, reports suggest that the club’s hierarchy views Alonso as the ideal candidate to succeed Ancelotti when his tenure concludes. The backing of Real Madrid’s board, including club president Florentino Perez, further solidifies Alonso’s prospects of potentially assuming the managerial reins at the Santiago Bernabeu in 2026. Allegedly aware of the esteem in which the club’s leadership holds him, Alonso has opted to remain at Leverkusen, biding his time for a potential return to Real Madrid.
Alonso is focused on preparing Leverkusen for the second leg of their UEFA Europa League quarter-final against West Ham at London Stadium on April 18, following their 2-0 victory in the first leg at BayArena.

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Barca Blame Referee, Panic For Loss To PSG

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Barcelona had a two-goal aggregate lead and were seemingly in control of their UEFA Champions League quarter final second leg match against Paris St- Germain in Spain until it all turned to chaos.
A disaster performance from the referee, panic from Barcelona’s players and an unnecessary expulsion, according to Barca sources, were all blamed on a dramatic Tuesday evening at Estadi Olimpic Lluis Companys as PSG ran out 4-1 winners.
Barcelona centre-back Ronald Araujo’s sending off turned the tide in their Champions League quarter-final as PSG came from 3-2 down in the first leg to win the tie 6-4 on aggregate.
A double from Kylian Mbappe, a long-range strike from Vitinha and an Ousmane Dembele goal against his former club sent Barcelona spiralling out of control – and out of the competition.
As Barcelona turned in a performance riddled with mistakes, referee Istvan Kovacs had a busy evening. The Romanian showed three red cards to the hosts – manager Xavi’s frustrations getting the better of him, before a member of his coaching staff was dismissed for dissent. That only compounded the damage done by Araujo’s red-card inducing challenge on Bradley Barcola early in the first half.
“The referee was really bad. I told him his performance was a disaster. I don’t like to talk about referees, but it had a clear impact in the season and it has to be said,” Xavi told news men.
“We are very upset and angry because the red card was the decisive factor in the match. With 11, we were in a good position, playing well and in command.
“It’s too much to flash a red card in a game like this. There was another game after that… It is a pity that the work of the season was ruined by an unnecessary expulsion.”
Araujo’s early exit allowed PSG to build momentum. The goals flowed; Barcelona collapsed. Joao Cancelo needlessly brought down Dembele in the box, allowing Mbappe to score the first of his two goals from the penalty spot.
“You can’t make mistakes in the Champions League,” former Barcelona striker Thierry Henry said after the game.
“If you make mistakes, you pay the price straight away and that’s why it is so hard to win that competition because you cannot make one mistake.”
Having left Paris with a 3-2 victory, Barcelona got off to the perfect start in their second leg when Raphinha deflected in teenager Lamine Yamal’s cross.
But Barcelona’s lead did not last long and PSG took control in the second half as the cards came from Kovacs.

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