In a previous piece we pointed out the legacies of infamous drug lords such as Pablo Escobar and the Rodriguez brothers in the world of football. It is not necessary, however, to send our imagination in pursuit of Netflix to the depths of South America in order to examine the relationship between criminals—money launderers to be precise— and the sport industry.
Money Smart Athlete Blog
The aim of the Money Smart Athlete Blog is to provide athletes worldwide with the tools to become money smart and help them make savvy financial decisions. We created this blog to transmit and share the knowledge we have accumulated as financial and business advisors during the past two decades.
In previous editions of the MSA blog, we have addressed corruption in sports, but this month we have decided to narrow it down to a very specific type that we believe deserves special attention. Corruption comes in different forms and can be found on all levels of the sports world on a local, national, institutional and international level.
Money laundering is a hot topic on the global financial and political agenda right now, and the fight against it has become increasingly important in a world where governments are struggling to keep their fiscal balances in check, and reverse the rising incidence of tax evasion, drug trafficking and consumption, and criminality in general.
The exponential financial growth of the sports industry has, unfortunately, brought about an array of opportunities for illicit practices like match fixing, money laundering and human trafficking.
It has been over four years since San Francisco 49ers quarterback Colin Kaepernick refused to stand up for the American national anthem, later explaining that he cannot show pride for the flag of a country that oppresses black people and people of colour.
During these surreal times we live in, social responsibility becomes more than just a mere catchphrase, PR stunt and marketing technique.
In 2018, Ulrich, Pope, Cléret et al., published the results of an anonymised survey that was conducted in 2011-12 and asked more...
Sports Corruption dates back to the 388 B.C Olympic Games when the fist-fighter Eupolos bribed his three competitors.
It is a common mistake for parents to try and dictate to their children how and in what way to live their lives—a route which entails many dangers.