Where sports and tax law collide — contracts, trades, endorsements, and the tax questions that come with playing (or owning) the game.
On Wednesday, October 7, 2015, the National Hockey League will kick off its season with a handful of games including what many consider the main attraction: Toronto Maple Leafs vs. Montreal Canadiens. The matchup, one of the greatest rivalries in league history, is focused on two Canadian teams. That’s not surprising considering that a whopping…
Footballer Neymar’s agent, Wagner Ribeiro, raised eyebrows yesterday when he took to Instagram to offer a little bit of tax and career advice to his star player. Posting in Portuguese, and addressing Neymar directly, Ribeiro complained about the press, government, and fans who “celebrated the blocking assets that was imposed on you.” Ribeiro was, of…
Another FC Barcelona striker has been accused of tax evasion – and this time, it’s not Spanish tax authorities who are leveling the accusations. A Brazilian judge has charged that Neymar da Silva Santos Júnior, known to most of the world simply as Neymar, took steps to avoid reporting income and paying tax. As a result, he…
Less than two weeks after soccer fans learned that FC Barcelona midfielder Javier Mascherano will likely face charges for two counts of tax fraud, another high profile soccer player is under investigation. Midfielder Xabi Alonso who played with Mascherano in Liverpool is being investigated for failing to declare income related to his image rights. The…
Superstar-laden FC Barcelona might be among the top teams in the Spanish Liga BBVA this season but the team is making news – again – for a more undesirable reason: tax investigations. As Lionel Messi awaits trial on tax evasion charges, another Barcelona star may be joining him. Spanish news outlet El Pais has reported that teammate Javier Mascherano…
As the heir of a long time National Football League (NFL) franchise owner, Hugh Culverhouse Jr. knows a little bit about blindsiding. He just didn’t expect to experience it himself from the Internal Revenue Service (IRS). According to Culverhouse, the IRS blindsided him with a demand for payment on a tax liability that doesn’t exist…
Lionel Messi is having one roller coaster of a month. On Saturday, the FC Barcelona (“Barca”) soccer star helped boost his team to a 3-1 win over Juventus in the UEFA Champions League final, marking the fifth time that Barca has taken home the league trophy. While Messi didn’t score in that game, he clearly played a…
The soccer world was rocked this morning to learn 14 defendants have been charged with racketeering, wire fraud, money laundering conspiracies, and other offenses, in a wide-ranging corruption scheme. The defendants include two current FIFA Vice Presidents as well as the current and former Presidents of the Confederation of North, Central American and Caribbean Association…
Earlier this morning, Attorney General Loretta E. Lynch, Acting U.S. Attorney Kelly T. Currie of the Eastern District of New York, together with Director James B. Comey of the FBI, Assistant Director in Charge Diego W. Rodriguez of the FBI’s New York Field Office, Chief Richard Weber of the Internal Revenue Service-Criminal Investigation (IRS-CI) and…
It’s been a mixed week for FC Barcelona (“Barca”). Earlier this week, the team advanced to the Champions League final to be played in Berlin, Germany on June 6, 2015. The team will face underdogs Juventus in the match after Juventus bested Real Madrid in the semi-finals. It’s been more than a decade since Barca…