Racing Majority Shareholder Sells Stake Eibar, Spain Seeking Exposure, Business Caterham F1 Team To Take Legal Action Scottish Rangers Chair Denies Sale Plans Bayern's Season-Ticket Holders Complain Barça Closes '13-14 With €530M Revenue LFP Announces €165M Decrease In Debt World Cup Sales, Arsenal Deal Lift Puma Barça VP: Messi Could Help Ties To Russia Mercedes To Rethink Team Orders
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
Upcoming Conferences and Events
SBD Global/January 24, 2014/Franchises
Barcelona President Sandro Rosell Resigns Amidst Controversy Regarding Neymar Signing
Published January 24, 2014
ROSELL UNDER INVESTIGATION: In Madrid, Fernando Kallás wrote the "Neymar case" is "just the latest controversial bit of business" by Rosell in Brazil. Rosell, Nike's former representative in Brazil and "personal friend of the ex-president of the Brazilian Football Federation (CBF) Ricardo Teixeira," is under investigation by the Brazilian prosecutors for "suspected fraud in two cases." Rosell could be "sentenced to up to eight years in jail for forgery and for benefiting economically from contracts to promote a friendly between Brazil and Portugal" in '08. Prosecutors are "seeking the return" of €3M paid to Rosell's Ailanto Marketing Ltd. company. Additionally, Rosell is under investigation for "allegedly receiving part of funds paid to the CBF by countries from around the world for friendlies against Brazil." The monies were supposedly "diverted to bank accounts of companies owned by him," with headquarters in the U.S. and the "tax haven of Andorra" (AS, 1/23).