Uncovering Football’s Murky Financial Practices: The Truth Behind Roman Abramovich’s Offshore Companies

2023-11-26 16:20:39

Chelsea’s Russian owner Roman Abramovich (R) stands with his young son Aaron Alexander before the English Premier League football match between Chelsea and Sunderland at Stamford Bridge in London on May 24, 2015.
AFP PHOTO / ADRIAN DENNIS
(Photo by ADRIAN DENNIS / AFP)

AFP

Revelations surrounding former Chelsea chairman Roman Abramovich’s galaxy of offshore companies have exposed football’s murky financial practices. Can you be a leader without diving into this system?

The world of football is special. But I would say that if an owner does not want to enter the system, he must show great will and have strong backs. The leaders may be in good faith, but financially they will gain nothing. Furthermore, their clubs will have little chance of playing leading roles. If they want to make money, they almost surely have to get involved in a system populated by shell companies that will lead them to tax havens.

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#Football #sector #risk #Clubs #subject #antimoney #laundering #rules

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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