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Finance Notes: Money Laundering Charges Levied Against Messi

Argentine reports claim Lionel Messi's foundation has been used to illegally launder money.GETTY IMAGES

Money laundering charges have been filed against Lionel Messi and his father, Jorge Messi. They are "expected to give a detailed report" of the donations made from the Lionel Messi Foundation. A report in Argentine daily La Nación claims the foundation has been used to launder money illegally. The report added that the funds sent to the foundation are "sometimes not used for community purposes as it is claimed" (FOX SPORTS, 11/3).

Britons are hitting the gym more as the workout becomes the "new social realm" for dating and socializing. The U.K. gym market is at its highest point, with attendance rising by 52% in the past two years, according to property consultancy Colliers Int'l. The private health and fitness market in the country is worth £3.2B ($4.2B) and could hit £3.5B ($4.6B) by '22, according to market researcher Mintel (LONDON TIMES, 11/5).

A New Zealand company that aims to "revolutionise" high-end bicycle storage launched in Britain. Velohawk, founded by cyclist and entrepreneur James Doughty, created "a secure storage system for expensive bikes that is particularly suited to people living in city flats." Designed in New Zealand by a team including marine experts from the America's Cup yacht race, the Velohawk is made from "strong, weatherproof composite materials." The system is being promoted by Kiwi cyclist George Bennett, who is a shareholder in the company (LONDON TIMES, 11/5).

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SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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