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SBD Global/August 16, 2013/Finance

Brazilian Newspaper Estadão Claims Brazil Diverted $10.9M To Barcelona President

Part of the money paid to the Brazilian Football Confederation (CBF) by "worldwide national teams to play against Brazil in friendlies was deposited in U.S. bank accounts registered to Barcelona President Sandro Rosell," according to Fernando Kallás of AS. The accusation "comes from Brazilian newspaper Estadão, which claims to have exclusive access to documents and sources that show the practice occurred during the management of former CBF President Ricardo Teixeira." Brazil charges at least $1M for every friendly and the "owner of the rights for these games is, since '06, Int'l Sports Events, which is headquartered in the Cayman Islands." ISE "deposited $10.9M from 24 Brazil friendlies into Uptrend Development LLC, headquartered in the U.S., which is registered under the name of Alexandre R. Feliu," Rosell's full name. Rosell, a former Nike representative in Brazil and "a friend of Teixeira's, is under investigation by Brazilian authorities for fraud." Rosell "could face eight years in prison for forgery and for benefiting economically from contracts without adjudication for promoting a friendly between Brazil and Portugal in '08" (AS, 8/15).
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