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#635390 - 21/09/20 06:19 PM FinCEN Files: Abramovich had secret stakes in rival players!
Pickles Offline
Under 23 Player

Registered: 23/12/15
Posts: 4977
FinCEN Files: Roman Abramovich had secret stakes in rival players

Chelsea owner Roman Abramovich held secret investments in footballers not owned by his club, an investigation has discovered.

The players included the Peruvian winger Andre Carrillo, who turned out against Chelsea in Champions League matches in 2014.

He held rights in the players through a company based in the British Virgin Islands.

Mr Abramovich's spokeswoman stressed no rules or regulations were broken.

But former Football Association chairman Lord Triesman has questioned whether it was "proper" for the owner of a football club to have an interest in players in other teams.

Twelve players on the pitch

A leak of documents - banks' "suspicious activity reports" - that have been called the FinCEN Files and seen by BBC Panorama - has revealed that Mr Abramovich is behind an offshore company called Leiston Holdings.

Leiston was taking stakes in footballers overseas through third-party ownership (TPO).

This is where investors buy a share of a footballer's future transfer value from cash-strapped clubs.

The practice was banned in the English Premier League in 2008 but not internationally until 2015.

Chelsea faced Sporting Lisbon in the Champions League group stage in 2014.

And Carrillo lined up for Sporting in both matches.

So in Lisbon in September and Stamford Bridge in December, Mr Abramovich had an interest in 12 players on the pitch.

Lord Triesman told Panorama: "I don't think it can possibly be proper for the owner of a football club to own players in other football clubs. That is precisely why third-party ownership is banned."

"It casts suspicion and a shadow right across football. On the documents I've seen I would've wanted, as chairman of the FA, to investigate them."

It comes as Mr Abramovich appears to be making heavy investments in Chelsea again this year.

What links Roman Abramovich to the offshore company?

In December 2016, a suspicious activity report (SAR) was filed by a bank about Mr Abramovich.

It identified more than $1bn of "suspicious payments involving offshore shell companies" - firms functioning only to manage the money put in them.

The SAR said many of the shell companies were "owned by Roman Abramovich… one of Russia's most powerful oligarchs with close ties to Moscow & Vladimir Putin".



The money seemed to be going around in circles between the companies.

Among the transactions were a series of nine payments from a Cypriot company. This money was split between four other companies before $156m ended up in Leiston Holdings.

Leiston became the subject of public attention in 2018, when it was revealed by German website Der Spiegel as part of the Football Leaks investigation to be an investment vehicle for TPO.

Panorama discovered both the company in Cyprus and Leiston Holdings are Roman Abramovich companies.

As well as being funded with $156m of his money, Chelsea had first option of signing some of Leiston's players.

Was there a conflict of interest?

In 2011, Leiston Holdings secured 50% of Andre Carrillo's "economic rights" when it loaned Sporting €1m (about £850,000) to help them purchase the player from Alianza Lima.

The financial deal contained a number of clauses, as was common in TPO agreements.

It said that if a transfer offer of more than €6m was made for Carrillo and Sporting Lisbon did not accept it, they would have to pay Leiston 45% of the value of the offer.

And Sporting agreed to pay Leiston a "risk fee" of more than €127,000 for each season Carrillo played for the club.

The Portuguese club's accounts showed it owed Leiston €2.6m in 2014-15.

Leiston also owned stakes in two other Sporting players - Gael Etock, who played for the club between 2012 and 2013, and Valentim Viola who was in the squad between 2012 and 2016.

'No wrongdoing'

Former England and Liverpool striker John Barnes told Panorama that while third-party ownership could not really influence what happens on the pitch, it was important players had an identity and loyalty to the club they played for and their supporters.

"From a moral point of view, and from an integrity of the sport point of view - when you sign for a club, your integrity and your loyalty should be to that club 100%."

Mr Abramovich's spokeswoman said: "The fact that transactions may have been confidential, does not mean that they were unlawful or otherwise in breach of then applicable rules or regulations."

She said they "relate to the period before Fifa changed their rules".

The spokeswoman added that suspicious activity reports do not mean laws or rules have been broken, saying: "The fact that we are not aware of this issue, confirms that there has been no wrongdoing as no action was taken."

Who is Roman Abramovich?



One of Russia's richest people, with Forbes putting his net worth in 2019 at $12.9bn

Reportedly sold dolls before making his fortune in oil and gas after the collapse of the former Soviet Union

One-time business partner of the late tycoon Boris Berezovky, an associate of ex-Russian President Boris Yeltsin

Served as governor of Russia's Chukotka region

Believed to be close to Russian President Vladimir Putin

Became owner of the companies that control Chelsea in 2003

Reportedly withdrew his application to extend his UK investor visa - which allowed him to reside in Britain - in 2018

Now has Israeli citizenship



The FinCen Files is a leak of secret documents. They have revealed how major banks have allowed dirty money to be moved around the world. They also show how the UK is often the weak link in the financial system and how London is awash with Russian cash.

The files were obtained by BuzzFeed News which shared them with the International Consortium of Investigative Journalists (ICIJ) and 400 journalists around the world. Panorama has led research for the BBC.

https://www.bbc.com/news/uk-54229269

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#635391 - 21/09/20 06:30 PM Re: FinCEN Files: Abramovich had secret stakes in rival players! [Re: Pickles]
Pickles Offline
Under 23 Player

Registered: 23/12/15
Posts: 4977
If it's not the Sheikhs of City and their dodgy offshore payments and highly questionable sponsorship deals, it's the Russian Oligarchs with tight connections to Putin who continually flout the rules to gain unfair advantages.

This is a trait for these folks, they come from Countries with the most reprehensible crimes on humanity going on as I type.

Time to boot them out the game for good because they will continue to cheat otherwise.

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#635392 - 21/09/20 06:41 PM Re: FinCEN Files: Abramovich had secret stakes in rival players! [Re: Pickles]
lumba Offline
Liverpool Legend

Registered: 19/03/09
Posts: 23080
Loc: Destination unknown
Originally Posted By Pickles
If it's not the Sheikhs of City and their dodgy offshore payments and highly questionable sponsorship deals, it's the Russian Oligarchs with tight connections to Putin who continually flout the rules and donate to the conservative party to gain unfair advantages.

This is a trait for these folks, they come from Countries with the most reprehensible crimes on humanity going on as I type.

Time to boot them out the game for good because they will continue to cheat otherwise.

_________________________
That job interview was going so well until I realized I was fukked up on acid in the middle of a cornfield naked and talking to a scarecrow.

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#635393 - 21/09/20 06:44 PM Re: FinCEN Files: Abramovich had secret stakes in rival players! [Re: Pickles]
Pickles Offline
Under 23 Player

Registered: 23/12/15
Posts: 4977
ALARMING!!!

What ALSO has been revealed from the FinCEN Files?

Standard Chartered moved cash for Arab Bank for more than a decade after clients' accounts at the Jordanian bank had been used in funding terrorism.

Another huge reason not to buy LFC Merchandise!


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#635395 - 21/09/20 06:47 PM Re: FinCEN Files: Abramovich had secret stakes in rival players! [Re: Pickles]
Pickles Offline
Under 23 Player

Registered: 23/12/15
Posts: 4977
What are the FinCEN files?

The FinCEN files are more than 2,500 documents, most of which were files that banks sent to the US authorities between 2000 and 2017. They raise concerns about what their clients might be doing.

These documents are some of the international banking system's most closely guarded secrets.

Banks use them to report suspicious behaviour but they are not proof of wrongdoing or crime.

They were leaked to Buzzfeed News and shared with a group that brings together investigative journalists from around the world, which distributed them to 108 news organisations in 88 countries, including the BBC's Panorama programme.

Hundreds of journalists have been sifting through the dense, technical documentation, uncovering some of the activities that banks would prefer the public not to know about.

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#635397 - 22/09/20 05:47 AM Re: FinCEN Files: Abramovich had secret stakes in rival players! [Re: Pickles]
EnergisedReds Online   content
Liverpool Legend

Registered: 10/01/10
Posts: 21722
Originally Posted By Pickles
ALARMING!!!

What ALSO has been revealed from the FinCEN Files?

Standard Chartered moved cash for Arab Bank for more than a decade after clients' accounts at the Jordanian bank had been used in funding terrorism.

Another huge reason not to buy LFC Merchandise!



If you dont buy LFC merchandise then you shouldn't complain when we dont buy players, ok?

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#635398 - 22/09/20 09:10 AM Re: FinCEN Files: Abramovich had secret stakes in rival players! [Re: Pickles]
Pickles Offline
Under 23 Player

Registered: 23/12/15
Posts: 4977
So your comfortable buying an LFC shirt with terrorist enablers written across the front of it and the shirt manufacturers using forced labor, Chinese Uighur slaves to manufacture those shirts?

They may as well use "real" blood to color the shirts!

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#635422 - 24/09/20 02:31 AM Re: FinCEN Files: Abramovich had secret stakes in rival players! [Re: Pickles]
EnergisedReds Online   content
Liverpool Legend

Registered: 10/01/10
Posts: 21722
Originally Posted By Pickles
So your comfortable buying an LFC shirt with terrorist enablers written across the front of it and the shirt manufacturers using forced labor, Chinese Uighur slaves to manufacture those shirts?

They may as well use "real" blood to color the shirts!





You think I am going to believe an article posted here by you? Has Standard Chartered been banned in the US? It's even written that those are not proof


Edited by EnergisedReds (24/09/20 02:33 AM)

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