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Trading players through different teams with fees, Is that money laundering?

fenn3098
fenn3098 Posts: 171
in General Charlton
Let's say that Charlton buy a over inflated youngster from SL, then obviously £££ will go to SL . And with the same owner it would be like transferring money from one account to another. Would that be a loop hole in the financial fair play rules?

Comments

  • Absurdistan
    Absurdistan Posts: 8,024
    No, unless Charlton start selling ganja and blow.
  • se9addick
    se9addick Posts: 32,195
    fenn3098 said:

    Let's say that Charlton buy a over inflated youngster from SL, then obviously £££ will go to SL . And with the same owner it would be like transferring money from one account to another. Would that be a loop hole in the financial fair play rules?

    What's wrong with transferring money from one account to another ?
  • cafcfan
    cafcfan Posts: 11,233
    Sorry - don't understand - what's the FFP rules got to do with money laundering?

    Presumably both SL and CAFC are wholly-owned subsidiaries of the same company, Staprix NV. So in your example there could just be an intra-group transaction on the books with no actual folding stuff being exchanged. Perhaps there would not even be a need to move funds from one account to another? Just a couple of book entries. One thing is for sure - the transfer fee would be "undisclosed".
  • GreenhitheRed
    GreenhitheRed Posts: 544
    Money laundering is the process of integrating (washing) dirty money (proceeds of crime) into the financial system using legitimate businesses with the aim of making it appear clean and legit via a number of complex transactions.

    Unless RD has another business on the side selling drugs or getting involved in other dodgy criminal activities then this doesn't amount to money laundering. It would be creative accounting between his network of Clubs.
  • fenn3098
    fenn3098 Posts: 171
    Sorry guys I used the wrong phrase in money laundering. All I ment was that it seems wrong to be able to just transfer money to other clubs. It makes my head fuzzy, the whole concept.
  • Lincsaddick
    Lincsaddick Posts: 32,491
    could be .. I have been (and remain) suspicious of many/all the foreign transactions, especially when the player concerned in the deal is often contracted (owned) by a 3rd party
  • Atletico Addick
    Atletico Addick Posts: 5,843
    I believe his whole goal is to erase agent's from his networks, by having all the players playing within his network.. As far as money coming in and out from other clubs and between our clubs.. who knows, is he allowed to take a spare £1,000 out of our accounts to put into keeping Ujpest's match security in top order? He did pass the fair play test, but then so did Carson Yeung lol
  • AdamAddick
    AdamAddick Posts: 953
    Atletico Addick said:

    I believe his whole goal is to erase agent's from his networks, by having all the players playing within his network.. As far as money coming in and out from other clubs and between our clubs.. who knows, is he allowed to take a spare £1,000 out of our accounts to put into keeping Ujpest's match security in top order? He did pass the fair play test, but then so did Carson Yeung lol

    so when we bought PP that wasnt from his network how does this suit your point?
  • Atletico Addick
    Atletico Addick Posts: 5,843
    AdamAddick said:

    Atletico Addick said:

    I believe his whole goal is to erase agent's from his networks, by having all the players playing within his network.. As far as money coming in and out from other clubs and between our clubs.. who knows, is he allowed to take a spare £1,000 out of our accounts to put into keeping Ujpest's match security in top order? He did pass the fair play test, but then so did Carson Yeung lol

    so when we bought PP that wasnt from his network how does this suit your point?
    PP's agent is essentially a bureau called "Beratung durch Familienangehörigen" which translates as business through family members in German. He essentially has no agent (fees), and now he is amongst the network.
  • CharltonByBlood
    CharltonByBlood Posts: 1,900
    Calm down CSI

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  • cafcfan
    cafcfan Posts: 11,233
    AdamAddick said:

    Atletico Addick said:

    I believe his whole goal is to erase agent's from his networks, by having all the players playing within his network.. As far as money coming in and out from other clubs and between our clubs.. who knows, is he allowed to take a spare £1,000 out of our accounts to put into keeping Ujpest's match security in top order? He did pass the fair play test, but then so did Carson Yeung lol

    so when we bought PP that wasnt from his network how does this suit your point?
    Well he said "goal", rather than something cast in stone. One thing is for sure, third parties take a huge amount of money out of football - you've only got to look at the recent revelations about Neymar and Barca to see that.
    I think I read somewhere that agents and third parties take over a quarter of the total transfer money in respect of international transfers. Now some of them do a good job and some are merely parasites. but from RD's perspective it would presumably make sense to endeavour to minimise the costs associated with them?
  • SheffieldRed
    SheffieldRed Posts: 3,772

    Just tried ringing Uli Hoeness of Bayern Munich to discuss money and football. Can't get through to him.








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