The Real
Madrid would have agreed to be paid by the Providence fund 200 million from the Cayman Islands knowing that he could incur in “legal fraud”, according to information from Football Leaks shared by Der Speigel with the European Investigative Collaborations (EIC) consortium and that in Spain they have been published by infoLibre.
Two companies based in the Cayman Islands and domiciled in a building in George Town were the ones that guaranteed the payment of these 200 million. “Two companies based in the Cayman Islands and domiciled in a building in George Town where there are thousands of domiciled companies guarantee the payment to the club of 200 million euros by a Luxembourg company of 20,000 euros of share capital! It seems like a joke but I’m afraid it’s serious, ”the Real Madrid CFO warned in writing.
The white club was aware of the tax risks, but still accepted the agreement with Providence: “This structure will almost certainly be questioned by the Treasury.”
On November 21, 2016, a delegation from the investment fund traveled to Madrid on a two-day visit to begin negotiating with the club. John Hahn and CEO Joshua Empson were at the helm of the American team. The agenda included a tour of the Santiago Bernabéu stadium and the Valdebebas sports city, dinner in Zalacaín and a private jet flight to the Portuguese capital on the 22nd to watch the Champions League game between Real Madrid and Sporting Lisbon.