Money-laundering, embezzlement, exaggerated attendances, the Economist takes a peek at football

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This week’s Economist has a most curious article on the football business, entitled “Welcome to the beautiful game.  Football clubs can easily be used as stealing machines. Here is an instruction manual. The stories are real, but most details are concealed”.

They assert, “It is a good time to enter the football racket. Banks are less generous and sentimental about loans. Tax officials are less lenient, too, as Rangers, a big Glasgow club, discovered”.

“Set up a holding company (or a nest of them) in a discreet jurisdiction, as many owners do, and you have a money-laundering and embezzlement machine at your disposal.

“Exaggerating the attendance at matches lets you run some of the dirty takings from your previous career through the turnstiles, turning them into legitimate income (this particular ruse works best if you buy a middling club, where games are not routinely sold out).”

They conclude, “Some national associations do a spot of due diligence on new owners, but this is unlikely to interfere with your plans.”

Brazil, Balkans, Russia, Serbia and Bulgaria all get a mention but there was only the one club got a name check.

Nest of holding companies in discreet jurisdictions, money-laundering, embezzlement, exaggerated attendances, dirty previous businesses!!  Read it and weep, football fans, just don’t expect the blazers to watch out for your best interests.
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  1. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    TALLYBHOY

     

     

    Welcome back.

     

     

    Yer exclamation marks were sadly missed

     

     

    !!!

  2. leftclicktic on

    GlassTwoThirdsFull

     

    Their wee chats on the golf course were profitable for one another,a nest of vipers that hopefully will one day be exposed

  3. My Dear Kojo….

     

     

    Oor Sceptred Isles Are Projected To Have A Non-Native Majority Population..(2040)

     

     

    Long Before The Anglos Become The Minority In The States…..

     

     

    Ah’m Sure That Such A Development Will Bring Joy To The Hearts Of BMCUP And The Other Happy Clappers….

     

     

     

    But,As Auntie Maude Will Hiv Telt Ye…

     

     

    ” Scratch An Idiot…..

     

     

    And You Find Underneath….An Idiot !”

     

     

    Yer Pal….Who Thinks Ye’re Swellegant..

  4. Bobby Murdoch

     

     

    Pal

     

     

    Let me say this

     

     

    When Ah came tae the U.S. …in the Sixties.. It was a Wonderful Place tae be..

     

     

     

    Ah hiv sampled Canada.. as a College Kid. and Ah hid Sampled the U.K. during some of my Growing Up time.

     

     

    So Ah knew the difference .. which was quite Huge. when Ah landed in the U.S.

     

     

    The States was A Great Place to Better wan’s Lot..

     

     

    The Ither Places,where Ah hid Lived,previously..

     

     

    WUR NO!

     

     

    Ah took full advantage of the Laissez Faire ..well Attitude, which abounded ,in the States..baith in Finance and In the work Place. ,which Ah found tae be

     

    present Thru oot the States.

     

     

    Ah Did well..and Made Success of My Life.

     

     

    Yep. the U.S. wiz the Place fur the Guy who didnae Shirk and wiz willing tae work . long Hoors.. at whitever his Field of Endeavour Happened tae be.

     

     

    Whereas, in the U.K . no so much in Canada…but, soitenly in the U.K.

     

     

    You could woik.. as Long Hoors as ye liked.. but..

     

     

    But, awe the good it did Ye.. monetarily speaking,of course..

     

     

    those Long Hoors.. jist Made It Possible tae Eke oot a reasonable Living.

     

     

    In the U.S…those Long Hoors. Provided the wherewithal tae Vault … up the Economic Scale..

     

    In ither words..

     

     

    In the U.S. .. Hard Work paid off.. in Abondanza..

     

     

    in the U.K. Hard work.. jist made ye that Much Tiredder!

     

     

    and ye ended up still at the Bottum of the Heap.. where ye started.. and Wur Born.

     

     

    Ah hiv seen the U.S. slowly but surely.. Sneak intae the Socialist Camp.

     

    as the Year’s Flew by.

     

     

    Noo , Ah am afraid, it has jist aboot reached the level of Socialism where the U.K. wiz.. when Ah left..

     

     

    Yes.. The U.S. in Absolutely a Changed Country.

     

     

    Today…As far as any New Immigrant or Native Youngster is concerned..

     

     

    It is Much Harder Noo.. than Before.. tae Scrape oot a Living..

     

     

    The United States Is no longer a Land flowing with Milk and Honey.

     

     

    Socialism has got it’s claws firmly intae the Political System.

     

     

    The Politician’s now. Hand out the Money that They Take from A and Freely distribute that Money tae B.. who naturally.. Pays it back.. with his Vote..

     

     

    Unfortunately, there are Far More B.s than As.. which is always the case..

     

     

    the Upshot is . the Democrats,,, who are maist adept at the Art of the bribe..although, the Republicans do their best tae keepup….

     

    are Guaranteed tae hold PERMANENT Political Sway..much to the deterioration of the Country..

     

     

    For.

     

     

    No country in this world.can run it’s Social and Economic Policies strictly by Making sure that their Incumbant Politicians get Re-Elected ..instead of Running the country in the Proper Fashion.. by Statesmanship.

     

     

    The U.S. is oan a Downward Spiral that tis Gathering Momentum

     

     

    Because of these …”Tae Hell with the Future” Economic Polices. ..like dishing oot Bribes fur Votes… The U.S. has a Budget Deficit of Gargantuan Size..

     

     

    it is also.. the World’s Largest Debtor.

     

     

    In fact.. the Chinese.. Have such an enormous amount of U.S. debt…that if the Chinese ever wanted tae Call in that debt.. by selling all of the U.S..Bonds it holds..

     

     

     

    The U.S. would Collapse in Chaos..

     

     

    That is jis a Little of what is going oan Here..

     

     

    And the Upsurge in The Former Minority Population Figures. augurs ..not well.

     

     

    Under these Prevailing set of circumstance.. The U. S. can ever return to the Laissez-Faire Economic System

     

     

    Which Ah ..so gleefully and successfully… took advantage of.. those many Years Ago..

     

     

    The U.S. as a Country. is Pretty Unrecognizable,today.. as it was ,when Ah first came..

     

     

     

    By 2020,, if Ah am still here.. Ah wull be Really a Stranger in a Strange Land.

     

     

    So noo ye know.,, how it came aboot that a Guy like Obama wiz elected and in making that come aboot..

     

     

    the U.S. bought the Knife which it wull use tae Finally

     

    Slit it’s ain wrists

     

     

    This Obamacare Insurance..is . a real Damn Boondoggle . that will suck the last vestiges of Conservativism oot of the U.S. veins.

     

     

    Kojo

     

    Still Laughin’

  5. jude2005 is Neil Lennon \o/ on

    Cork Celt

     

     

    Congrats on your new arrival. Bet mrs C C never comes back from the shops without a. “I saw this wee dress” or summit??

  6. Live Arsenal friendly match on ESPN HD now, for those needing a football fix.

     

     

    HH

  7. BIG-CUP-WINNERS on

    The Singing Detective Demands The Resignation Of Campbell Ogilvie

     

    15:11 on

     

    “Oor Sceptred Isles Are Projected To Have A Non-Native Majority Population..(2040)

     

     

    Long Before The Anglos Become The Minority In The States”

     

     

    Help me out pally…..the “Non-Native” bit, can you define it ?

  8. My dear,dear,dear,friend … The Singing Detective

     

     

    J.R.R. Tolkien and Me..

     

     

     

    Ah always considered J.R.R. tae be a bit of a Seer.

     

     

    Fur..

     

     

    If ye read his works.. And read between the Lines…

     

     

    which is Hard fur some folk. who are under the impression that they are reading a Fairy tale..

     

     

    Well..let me tell you.. Auld J.R.R. may hiv bin Writing a Fairy Tale.. but..

     

    underneath the surface… J.R.R. wiz writing

     

     

    the DEMISE of the WHITE RACE.

     

     

    Surprised?

     

     

    No You Pal… but. Ah am talkin tae My ither Readers.. when AH ask that question

     

     

    Read the “LORD OF THE WINGS” again..

     

    and

     

     

    Ye wull see that it depicts

     

     

     

    the Disappearance of WESTERN MAN…n with it..

     

     

    Some of the Goodness of the World.

     

     

    Kojo

     

    Still Laughin’

  9. Rings..of course..

     

     

    Me or My…

     

     

    wan of Ma Flying Fingers..goat

     

    Away frum me..jist noo.

     

     

    Kojo

     

    Still Laughin’

  10. My Dear Kojo…..

     

     

    The ‘Voice Of Wisdom’…..

     

     

    Ah Wonder How Many Of Oor Low-Info Shoutyboys…..

     

     

     

    Hiv An Earthly…..

     

     

    That 55% Of Your ‘Legal’ Population Pay NO Income Tax Whatsoever….

     

     

    And What Proportion Of Your Population Is In Receipt Of Foodstamps,Medicare…

     

     

    And A Whole Raft Of Other Desirable Benefits….

     

     

    Whilst Contributing NOTHING To The Community In Return…..?

     

     

    (Kinda Mirrors Pamela’s Article In Her Blog On Friday,About A Well-Defined Community In Our Own Sceptred Isles)

     

     

    This ‘Immigration Amnesty’…..

     

     

    Will Be ‘The Death Of America’ We Grew Up With….

     

     

    Because Rather Than Just ‘Legalising 12 Million Illegal Immigrants…..

     

     

    Their ‘Dependents’ Will Also Be Granted Citizenship….

     

     

    Bringing The True Total To 35-40 Million Individuals….

     

     

    And That’s BEFORE You Factor-In “Chain Migration”…..

     

     

    Which Was Introduced To These Sceptred Isles In 1997 By Bliars Liebour…..

     

     

     

    To Buy The Pakistani Vote…..

     

     

    “Quos Deus Vult Perdere……

     

    Prius Dementate…………….”

     

     

    In Sarah Palin,Barbara Bachman……..

     

    And John Bolton….

     

    We Trust……!

     

     

    Pinkety ?

  11. Here and I thought it was the bitch thatcher who liberalised the UK immigration policy to keep the cost of labour down and illegal immigration policy thought reduction in immigration resources.

  12. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    KOJO,

     

    NOT NEARLY AS KNOWLEDGEABLE AS KOJO

     

     

    Believe it or not,I am not in favour of mass migration,and never have been.

     

     

    However,were I eg a Somalian I would move heaven and earth to move here. Canny blame anyone for that.

     

     

    The longevity which has largely been attained in the west however has its pitfalls.

     

     

    One of these is a declining percentage of working-age population.

     

     

    And the necessity to improve one’s lot through women in the workplace has lead to a declining birthrate.

     

     

    I am the first to agree that unfettered immigration has been a disastrous policy in the UK in the short-term. But long-term managed immigration is an economic must. And not just for professionals either.

     

     

    One more point is that African Americans can largely point to a background which is not of being immigrants,but of beiing immigrated. Forcibly.

     

     

    PS-net migration between Mexico and the US is now negative. FYI.

  13. “Big-Cup Winners”…

     

     

    Non-Native/Native….?

     

     

    Cannae Really See Why You Should Have A Problem With Those Terms…..

     

     

    Native American Indians…And Canadians

     

     

    Are Referred To As Such In Their Own Countries….

     

     

     

    As Are Aborigines In Australia……

     

     

     

    The Settled ‘Native’ Population In The British Isles…..

     

     

    Is A Great Deal More Ancient And Homogenous Than Previously Supposed..

     

     

    DNA Analysis Has Enabled Us To Study The Origins Of Our Population In Much Greater Detail….

     

     

    85 % Of Our Population(Prior To 1948)…

     

     

    Are Directly Descended From Folk Who Arrived On These Isles BEFORE 5,000BC..

     

     

    The ‘Invasions/Migrations’ Of The Saxons,Normans,Vikings……

     

     

    And Later Influxes Of Hughenots And Jews In Later Centuries Only Added 15% To The Mix…..

     

     

    There Never Was Any CELTIC Invasion…

     

     

    We Are One Of The Very Oldest Original Societies On The Face Of The Earth….

     

     

    Derived From Ancient Basque And Scandinavian Population Groups…..

     

     

    We Are By NO Stretch Of The Imagination ….A ‘Mongrel Race’….

     

     

    Those Making Such Comments….

     

     

    Are Doing So For Purely Political Reasons…

     

     

    YOU’RE WELCOME……

  14. pedrocaravanachio67 on

    Hello all from a roasty toasty Lanzarote, been fortunate to miss the pre-season friendlies…and along with fellow celts I have met here, a little worried about the shape the squad is in at the moment. We should have enough to get through the Clifftonville tie, give us time to get a couple in and get the guys fit that are currently unfit.

     

     

    Had the good fortune of meeting up with CRC and his lovely family last night for a couple of drinks…. CRC definetely one of the good ghuys.

     

     

    HH PC67

  15. ASonOfDan

     

     

     

    13:06 on 14 July, 2013

     

     

     

    George Zimmerman, the Florida neighbourhood watchman who shot dead an unarmed black 17-year-old male, is found not guilty on all charges.

     

     

    Greatest democracy in the world?,

     

     

     

     

    You bet, That’s why you can’t wait to jump on an airplane to New York, Orlando or Las Vegas…???

  16. Singing Detective Demands The Resignation Of Campbell Ogilvie

     

     

     

    13:25 on 14 July, 2013

     

     

     

    asonofdan…..

     

     

    The Blog Idiot Weighs In With His Usual Banal Comment…..

     

     

    Zimmerman Should Never Have Been Brought To Trial….

     

     

    The Race Baiters,Al Sharpton,Jesse Young….And The Islamist In The Whitehouse…..

     

     

    Made This Into A Racial Issue…..

     

     

    There Have Since Been Several Murders Of Innocent White Folk In The US Since This Incident….

     

     

    Their Assailants Justifying Their Deeds On The Basis That It Was ‘Revenge For Trayyvon’……

     

     

    You Are Spouting Off An Opinion…..

     

     

    Knowing Nothing Of The Facts Behind The Case…..

     

     

    [ Nothing New There………Ed ]

     

     

    Have You Researched Zimmerman’s Family Tree……

     

     

    And Discovered That As Well As Having A Black Peruvian Grandad…..

     

     

    He Had A Great Granny Fae Warsaw…?

     

     

    The Homicide Rate For Blacks In America Is HORRENDOUS…..

     

     

    However,95 % Of Homicides On Blacks Are Committed By Members From Within Their Own Community…..

     

     

    Blacks Comprise 14 % Of The US Population….

     

     

    But Are Responsible For 55% Of All Homicides In The Country…..

     

     

    ( The Hispanics,18 % Of The Population,Are Responsible For 26% Of Homicides ) [ 2012 FBI FIgures ].

     

     

     

     

    Well said, I am glad there is still some sanity here…………….

  17. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    WEEMAN67

     

     

    At no stage was the victim a threat to his assailant.

     

     

    So of course he should have faced trial.

     

     

    After that,it’s down to the courts.

  18. BMCUWP…..

     

     

    I’M Sure That Much Of The 6Million Population In The Third World…

     

     

    Would Love To Come To Britain, To Access Our Benefits System,Social Housing….

     

     

     

    And ‘Positive Discrimination’ Quotas In Respect Of University And Job Applications…. And The Like…

     

     

    And Big ‘Easy-Oozy’ You…..

     

    Says Come On Intae The Parlour….

     

     

    Ah Cannae Blame You…..!

     

     

    So Why Don’t You Offer The Run Of Your House To A ‘Needy’ Immigrant Family….

     

     

    And You Can Live In The Kitchen Cupboard…..

     

     

    For Besides Yer Supply Of “Swallae”….

     

     

    You Only Need Space For Your Bespoke

     

    Winklepickers…..

     

     

    And Your Monthy Change Of Y-Fronts…

     

     

    Right….? Right….!

  19. LA Galaxy have reportedly bid £6 million for Celtic striker Gary Hooper, as they aim to bolster their attacking options #LAGalaxy #CelticFC

  20. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    TSD

     

     

    As usual,you missed the main thrust of the post.

     

     

    I won’t repeat it,I’m sure you can get someone to explain it to you.

     

     

    I fail to understand how someone with your education and background can be such a bigot.

     

     

    Or to even be able to put your points across without such bitterness and bile as you frequently-nay,always-display.

     

     

    Genuinely puzzled,but glad I was brought up to think differently.

  21. “Be kind, for everyone you meet is fighting a harder battle.”

     

    ― Plato

     

     

    Sadly it would appear that too many on here are too selfish and greedy to appreciate this.

  22. ASoD

     

     

    I’d take it if as suggested it looks like he’s leaving and reputedly for only £4-5m.

  23. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    WHITEDOGHUNCH

     

     

    Excellent,bud.

     

     

    Only fly in the ointment is the away game to Killie scheduled that day.

     

     

    Hoping it is put back till the Sunday.

     

     

    I’ll contact you nearer the time.

  24. Let`s imagine that Hooper leaves and that different games require different line-ups. what would be our strongest eleven for most Home games?

     

    Forster

     

    Lustig,Wilson,Virgil,Izaguirre

     

    Forrest, Brown,Rogic,Samaras,

     

    Commons

     

    Stokes.

     

    That , of course, omits the likes of Mulgrew,Ambrose and Ledley. Any views on our “best” selection?

     

     

    JJ

  25. RalphWaldoEllison remembers ALS victims Jimmy Jonstone & John Cushley

     

     

    How do you know he was not looking for a confrontation.

     

     

    Zimmerman was doing his job as Neighborhood Watch, they needed the Watch as

     

    there had been multiple break ins by young black males.

     

     

    It was dark and 67f, why did he go out wearing a hoodie and sunglasses, no doubt trying to emulate the gangsta rappers that he adored.

     

     

    As far as being an innocent teenager, he was a 6′ 2″ 175lb THUG…

     

     

    His twitter handle was “No_ Limit_NIGGA”

     

     

    He was in Sanford because he just got thrown out of scool in Miami for the third time and his mother couldn’t take anymore of him and sent him to his father who was living with his girlfriend in that neighborhood.

     

     

    He would still be alive if he had spoken to Zimmerman civily and not confrontationaly.

     

     

    I Can’t believe the anti US sentiment on here sometimes, I just hope you are not hypocrites, for I for one don’t want to hear of you stepping on these shores.

     

     

    http://www.snopes.com/photos/politics/martin.asp

     

     

    Weeman67 HH

  26. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    HAMILTON TIM

     

     

    I reckon we may play hard-ball on Hooper.

     

     

    Unless offered what we want,he stays.

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