UEFA TO INVESTIGATE MONEY LAUNDERING IN FOOTBALL

Last updated : 29 August 2005 By editor

…no idea, but Roman Abramovich is mentioned in the article for an unrelated reason.

Mihir Bose in the Telegraph:

Uefa are concerned that money laundered from various criminal activities is pouring into football. As already revealed by The Daily Telegraph, Uefa have asked the European Union's money laundering task force to investigate the game.

‘Speaking just before the draw for this season's Champions League, the Uefa president Lennart Johansson said: "It is alarming. We should do something about it."

‘Lars Christer-Olsson, the chief executive of Uefa, reinforced this saying: "For money launderers football is very attractive. They can afford to invest large amounts, lose even 15 per cent of their black money in football just to get the opportunity to make it clean."

‘UEFA are also looking at their own rules, which could have an impact on Roman Abramovich, the owner of Chelsea, who, through his company Sibnet, are the main sponsors of UEFA champions CSKA Moscow.

‘Johansson said: "We are concerned about one person owning or controlling more than one club. It is not just about Abramovich. I don't blame him. He is within existing rules. We have to change that."’

And here is an example of what can happen to football if any financial skullduggery is exposed. The Guardian report on the start of the Italian football season:

‘Fancy a quick recap of what you've missed in three months away from Italian football? One team has got caught match-rigging and dropped two divisions; another 12 sides have been declared bankrupt by the football league; one club, on the brink of going under, got bought by the bloke from Real Madrid; three players from Real turned up at Internazionale, who let their top scorer walk across town to their biggest rivals in the world... for free.

Yep, Italy had the craziest summer in ages - just like last year, and the year before that. Even the composition of this new Serie A season wasn't confirmed until less than two weeks before the first fixtures, giving two lucky sides included at the last minute a whole 11 days to put together a top division line-up.


‘Once again, there'll be 20 teams in all, three up from last year, but naturally only one of these new sides, Empoli, actually won promotion on the pitch. Both Genoa and Torino saw their promotion annulled; Serie B champions Genoa were sent down to Serie C (with a three-point penalty to boot) when it turned out they'd paid Venezia to lose a match (something bottom-of-the-table Venezia had been doing all season for free), while Torino were declared bankrupt and sent straight back to Serie B; victims, along with 11 other sides, of a new crackdown by the Italian federation on financial irregularities.’