Keyword: clubs

How financiers feed on Europe's cash-strapped football clubs

By Michael Hajdenberg, Michel Henry, Yann Philippin

Football has become a new playing field for financial institutions preying on debt, as illustrated by documents from the whistle-blowing platform Football Leaks and analysed by the European journalistic consortium European Investigative Collaborations (EIC), in which Mediapart is a founding member. In one example, a British company called XXIII Capital had bought up 73 million dollars’ worth of debts resulting from transfers of players in England, France, Italy, Spain and Portugal. These were then included in a financial product offered on Wall Street and subsequently on the stock exchange of the Caribbean tax haven of the Cayman Islands. Michael Hajdenberg, Michel Henry and Yann Philippin report.

French football chiefs dribble around ethnic quota controversy

After Mediapart first revealed the existence within the French Football Federation (FFF) of a secret plans to institute ethnic quotas on players recruited to its national training academies, a leading French football official earlier this year claimed that the country’s professional league clubs tacitly employ ethnic discrimination in the recruitment of players. Called to account by the French sports minister and the official ombudsman, the FFF, in an official response to which Mediapart has gained access, has decided there is no case to answer about an issue its chairman has said he “couldn’t give a damn” about. Michaël Hajdenberg and Fabrice Arfi report.