The vice-president and CEO of AS Monaco receives 10% of the profits made on the sale of players by the French football club, according to evidence from Football Leaks documents. Vadim Vasilyev, who is a close ally of club owner Dmitry Rybolovlev, is in line to receive up to 41 million euros in total from player transfers over the last five seasons.
In order to get around the financial regulations imposed by France’s Professional Football League, which is responsible for managing and overseeing the proper conduct of clubs in the country’s top two football divisions, AS Monaco developed a system of private agreements, which are legally uncertified deals, with players and their agents. The scheme involved not only agent’s commissions disguised as so-called “scouting agreements” but also, the evidence from Football Leaks documents suggest, a friendly match that was never played between AS Monaco and Manchester United about which neither club agreed to comment upon.
In 2014, at the height of a bitter divorce battle with his wife of 23 years, Elena Rybolovleva, Russian multi-billionaire Dmitry Rybolovlev organised the arrest of his wife when she travelled to Cyprus, where much of his fortune is placed, to discuss a settlement with him. The oligarch is close to high-ranking figures in Cyprus, and the circumstances of the arrest were, at the very least, highly unusual, while confidential messages swapped at the time by Rybolovlev’s aides spoke of secret meetings with a man called “our friend”, and a “president”. In this third report in a seven-part series of investigations into the oligarch’s activities, Mediapart unveils the disturbing background to Elena Rybolovleva’s arrest.
When Russian billionaire Dmitry Rybolovlev took control of AS Monaco in 2011, he had not only offered himself a football club, he had secured himself a base from where he began spinning a web of influence in the Riviera micro-state, including around Monaco’s royal family. In this second of a seven-part series of investigations into the oligarch’s activities, Mediapart lifts the lid on a developing scandal shaking the Rock.
Russian billionaire Dmitry Rybolovlev bought football club AS Monaco in December 2011. But the man whose assets include a Greek island, luxurious properties worldwide including a Palm Beach mansion bought from Donald Trump, an Airbus, and a vast collection of artworks, had set his eyes on offering himself much more – namely, a country. This investigation is the first in a series of seven Mediapart reports into the activities of the oligarch, based partly on documents from the Football Leaks data files.
In December 2011, Russian billionaire Dmitry Rybolovlev, with an estimated wealth of about 6.8 billion dollars from his interests in potassium fertiliser production, bought a two-thirds share in AS Monaco, the football club based in the tiny French-controlled Riviera principality of Monte Carlo, where he resides. Mediapart can reveal that his grand ambitions for the club, which plays in France’s top-flight division, Ligue 1, saw him attempt to hide his massive and illegal funding of the team behind a supposed marketing contract involving an offshore structure of companies in the British Virgin Islands and Hong Kong. But his chosen partner in the scheme finally pulled out, threatening a “neutron bomb” of revelations, while the governing body of European association football, UEFA, was to turn a blind eye to the deal.
Russian billionaire Dmitry Rybolovlev, owner and chairman of French football club AS Monaco, held, via his own investment fund, economic rights in football players, some of whom played for Monaco, according to documents obtained from the whistle-blowing Football Leaks platform by the journalistic consortium European Investigative Collaborations (EIC), in which Mediapart is a founding partner. The Third-Party Ownership investments, which raised clear issues of a potential conflict of interest, were mounted in association with football ‘super-agent’ Jorge Mendes, who himself made at least 6.85 million euros from the deals. Michel Henry, Agathe Duparc, Michaël Hajdenberg and Yann Philippin report.
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