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
UCL: Henry Calls For Return Of Away Goals Rule
Thierry Henry has called for the return of the away goals rule in the aftermath of the bombastic Champions League semi-final between Inter Milan and Barcelona.
The visitors at the Estadio Olimpic Lluis Companys came within milimeters of clinching the first leg of the final-four clash after former Arsenal star Henrikh Mkhitaryan netted late in the second-half.
But the linesman was quick to raise his flag, and semi-automated offside ruled out what would have been a thrilling conclusion to the high-octane 3-3 draw.
The hosts came from behind twice to share the spoils, chasing Inter Milan from the first minute of the game after Marcus Thuram stunned the Barcelona faithful into silence with his neatly flicked goal.
Denzel Dumfries doubled Inter’s lead 20 minutes later, but it took just three more for the Blaugrana to finally get on the scoresheet courtesy of a moment of magic from teenage starlet Lamine Yamal.
Ferran Torres drew Barcelona level ahead of the break, but Lamal was forced to play catch-up again in the second-half after Dumfries scored his second.
In light of the impressive effort from Inter, Henry wondered if the team should have got more from the fixture ahead of the second-leg at the San Siro.
‘I know it’s been like that for a very time, and we have to accept it,’ Henry said of the removal of the away goals rule, ‘But off air I was talking to Jamie (Carragher), and I was like, “how can you score three goals away from home and you don’t have an advantage?”
‘Away goals for me were massive, you score three goals away and you still don’t have an advantage 0-0 at home,’ Henry shrugged.
UEFA took the decision to scrap the rule which gave goals scored away from home the ability to act as a tiebreaker in the case of level scorelines ahead of the 2021-22 season.
Current FIFA Chief of Global Football Development Arsene Wenger claimed during his time as Arsenal manager in 2015 that the away goals rule ‘encouraged the team at home not to attack’ and that ‘the weight of the away goal (was) too big today’.
Without the rules, the tie at San Siro will go to extra time and penalties to decide which teams books their spot in the Champions League final.
But based on Wednesday evening’s performance, Henry seemed to give Inter a fighting chance against the newly minted Copa del Rey champions.
Sports
London Marathon Breaks World Record
The 2025 London Marathon set a new world record for the number of finishers despite hot conditions on Sunday for its 45th edition.
A total of 56,640 runners crossed the finish line at the end of the 26.2-mile route, Guinness World Records has confirmed.
The number surpassed the previous record of 55,646 set by the New York Marathon in November.
Hugh Brasher, chief executive of London Marathon Events, said he hoped the high number of finishers inspired people to apply for the 2026 race ballot.
“The London Marathon was already the most popular in terms of ballot entries, with 840,318 people applying for the 2025 race,” he said.
“It is also the world’s largest annual one-day fundraising event with more than £1.3bn raised for charity since 1981.”
The number of people applying for the ballot to enter this year’s race broke the world record of 578,304 for the 2024 edition.
Of UK applicants 49% were female, while there was a 105% increase in applications from people aged between 20-29.
Ethiopia’s Tigst Assefa surged to victory in the elite women’s race in a world record for a women’s only field, while Kenya’s Sebastian Sawe triumphed in the men’s event.
Sports
Arsenal Eye Special Performance In Paris
Arsenal boss Mikel Arteta has said that his side will have to do something special in Paris if they are to reach the Champions League final following defeat in their semi-final first leg.
Ousmane Dembele’s early strike at the Emirates leaves the Gunners needing to overturn a one-goal deficit against Paris St-Germain in the second leg at the Parc des Princes next week.
It was an ultimately frustrating night for Arsenal at Emirates Stadium, who failed to convert any of their five shots on target.
“If you want to win the Champions League final, you have to do something special. We’re going to have to do something special in Paris to be there,” Arteta said.
PSG dominated the opening 20 minutes of the match and, while the hosts grew into the game, they continued to be frustrated by the French side’s solid defence, failing to score in a home Champions League match for the first time since February 2016.
“We have a lot of chances to be in that final. As I repeat myself, you have to do something special in the competition to have the right to be in the final. And the time to do it is going to be in Paris,” said Arteta.
Arsenal have not reached the final since 2005-06 while PSG are hunting a first Champions League trophy.
As they did against Liverpool and Aston Villa earlier in the campaign, Luis Enrique’s side relied on Italian keeper, Gianluigi Donnarumma to keep them out of trouble.
The 26-year-old kept a clean sheet and made five saves – including important stops to deny Gabriel Martinelli and Leandro Trossard in one-on-one situations.
“At the end, we have two of our front players one v one with Donnarumma. If they scored the goal it is different. He made the saves, like he did against Liverpool and Villa, and that’s the difference in the Champions League,” Arteta said.
But Enrique says the shot-stopper was just doing his job.
“That’s the work of a goalkeeper, no? Save the team, they work every day for that. In a semi-final, you need all the players,” the Spaniard said.
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