6 responses

  1. AKH
    10 August 2021

    Once again Untold Arsenal is highlighting the financial shenanigans underpinning professional sport and especially professional football in the UK.

    Is this fake news? Has it only now been discovered? This cannot occur in English professional football, surely?

    Professional footballers may well experience a short career earning wise, but professional sport, as an entertainment industry offering major hidden profit, opens up the market for both legal and illegal money laundering and profiteering!
    (Wealth managers make more money from footballers, who neither understand nor have the time to try to understand the financial markets, then anyone else.) One single transaction, e.g. simply investing in shares in a foreign currency, can generate fees for the wealth manager several times over.

    Now, how many of us remember the name Rune Hauge? For those readers who have never heard of the name or had forgotten it, Rune Hauge, hit the headlines in the 1990s “bungs scandal,” where the then-Arsenal boss, George Graham, was found guilty by the FA of receiving illicit payments from Rune Hauge in relation to transfers of two Scandinavian players.

    Evidence suggests that Rune Hauge’s company Profile Sport Limited was incorporated in the British Virgin Islands on 7 June 1995, and fully migrated to Guernsey on 10 December 2013. With migration, the name also changed to Profile Sport and Media Limited.

    A 2016 revelation by the Swedish public broadcaster, Sveriges Television (SVT), documented that 150 million Swedish kroners (roughly 15 million pounds) was transferred from the Swedish FA (SvFF) to Profile Media Limited in the British Virgin Islands in 2009 after Rune Hauge had acted on behalf of SvFF in the federation’s Swedish football TV rights negotiations.

    A step further up the ownership ladder from the company today known as Profile Sport and Media Limited, we find Sarnia Management Corporation, a Guernsey entity controlled by Rune Hauge, where Hauge long-time partner Lisa Ann Davey is a named director.
    In the Panama Papers revelations, Sarnia Management Corporation is tied to over 200 shell companies spread around the world’s tax havens.

    Now, for those readers wanting more information on Profile Sport and Media, with related evidence, please refer to the Norwegian independent magazine Josimar at

    Josimar
    Tollbugata 19
    0152 OSLO
    Norway

    Editor

    Håvard Melnæs
    havard@josimar.nojosimar2019@protonmail.com
    +47 930 04 203 (Signal))

    (The current Manchester United manager might well prefer interested readers not to read Josimar!)

    Reply

  2. Dave
    10 August 2021

    Some of the most I’ll informed nonsense I’ve ever read.

    Reply

    • Tony Attwood
      10 August 2021

      Well Dave, one of the reasons that a fair number of people actually believe such stories is that they are all across Europe, in the media, and come complete with evidence. The stories that we have found in this way in the last couple of years have indeed turned out to be true – indeed we were the people who for an English audience broke the story about Infantino’s private jet trip.
      But of course you can refuse to believe simply because the UK media doesn’t publish the information. That’s up to you. And please do write in again as it gave several us quite a smile.

      Reply

    • Tony Attwood
      10 August 2021

      Rather an unnecessarily obscene email address though Dave.

      Reply

  3. Chris66
    10 August 2021

    Tony

    The interest rate on the Southampton loan does not prove anything per se, especially without knowing all of the terms. In fact if it is an unsecured loan or without recourse to the owners (no personal guarantee) then a 9.14% interest rate (a year ago) is probably about right. I see multiple deals around that range in my line of work (real estate development)

    I am not saying that football is clean (it patently isn’t post Abramovich) but this is not a good way of proving your point.

    Reply

  4. omgarsenal
    11 August 2021

    Dave….please DO inform us what the real situation is. We are waiting with bated breath!

    Reply

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