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Illicit Finance and English Premier League (EPL) Club Ownership
This episode discusses an article from Sport in Society examines the ownership structures of English Premier League football clubs, analysing their use of legal entities and offshore jurisdictions. The authors argue that these complex structures obscure beneficial ownership, increasing the risk of illicit financial activity, such as money laundering. They propose that the new UK independent football regulator should enhance oversight of club ownership to mitigate these risks. The research uses data from the ORBIS database and other sources to identify prevalent enabling conditions for financial crimes within EPL ownership structures, highlighting the need for stricter due diligence and transparency. The authors conclude by suggesting improvements to the Owners’ and Directors’ Test and calling for greater collaboration between football regulators and tax authorities.
Published on 10 months, 4 weeks ago