Real could be prosecuted for "fraud against the law" by the Spanish tax authorities.
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OSCAR DEL POZO / AFP
To each their own financial problems.
With Barca's debt topping € 1 billion this season, it's Real Madrid's turn to have to worry about their cash flow.
Well, his financial practices, rather.
Indeed, according to joint information from the German daily
Der Spiege
l and the Spanish site infolibre.es, in conjunction with the European Investigative Collaborations (EIC) consortium within the framework of the Football Leaks, the
Merengue
leaders
have received nearly 200 million euros. euros not declared to the Spanish tax authorities.
This sum would correspond to part of the 500 million euros promised, over ten years, by the American investment fund "Providence Equity" when signing the contract signed with the Madrid club.
In exchange, Real had committed to return to this financial group 23.75% of the increase in its income from the management of certain commercial rights.
Problem, these 200 million euros would have been settled by two companies based in the famous tax haven of the Cayman Islands.
A very embarrassing discovery for Real which risks legal proceedings for "fraud against the law", especially as the leaders seemed perfectly aware of the risk involved.
“Two companies based in the Cayman Islands and domiciled in a building in George Town, where thousands of companies are domiciled, guarantee the payment to the club of 200 million by a Luxembourg company with a capital of 20,000 euros!
It looks like a joke, but I'm afraid it is serious, ”had warned the financial director of Casa Blanca before the conclusion of this
juicy
deal
.
“This structure will almost certainly be called into question by the Treasury,” he premonitably concluded.
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