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Money Laundering and football clubs 13:29 - Sep 23 with 2116 viewsAussieDale

Given our current environment would somebody far more financially educated than me explain what the attraction of football clubs is to money launderers.

There’s a bloke in Aus just vanished overseas having embezzled about $400 million out of Australian banks. He has spent $15 million of this on buying a Greek second division football club. The owner of another second division club lodged a complaint with the Greek governing body attempting to block the takeover on the grounds that the purchase was obviously solely for the purposes of laundering money. What is the specific attraction of football clubs.
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