The management of Real Madrid is again pinned by the Football Leaks.
If the management of FC Barcelona by its leaders has been catastrophic in recent years, the socios having obtained the head of President Josep Maria Bartomeu, the leadership of real Madrid led by Florentino Pérez does not shine more. La Casa blanca knowingly uses illegal financial arrangements.
Within the framework of Football Leaks (in Spain, it is the media free info which is part of the network of investigative journals), we learn that Real has accepted a payment of 200 million euros from a fund called Providence, based in the Cayman Islands, a famous tax haven. Two payments would have passed through a Luxembourg company which had a capital of… 20,000 euros.
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As documents show, from the negotiation of the deal in 2016, the executives knew full well that the operation was illegal and that the public treasury was going to fall on him, already planning a fine of 24% of the remuneration. ” It sounds like a joke but I’m afraid it’s serious “, Had even warned the financial director of Real to his colleagues. Which did not derail the case.
For 200 million euros, the company located in the Caribbean was supposed to help Real Madrid recover digitally. However, the Merengues lost € 1.4 million in this sector in 2018 and the club’s TV channel debt is now at -30 million €. Real then found a Head of Partnerships but without success, David Hopkinson having joined the New York Knicks last August.
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