Football agent Ramadani merges units with an Irish company

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High-profile global football player agent Abdilgafar “Fali” Ramadani – who is under investigation abroad on alleged tax evasion and money laundering charges – is reorganizing his operations by merging units in Malta with his firm in Ireland.

The Irish company had a net worth of more than €23 million at the end of 2020. It lists its main activities as sports agent services, consulting services and aircraft charters.

Last December, Italian authorities in Milan launched an investigation into Mr Ramadani for alleged tax evasion and money laundering. Another agent was also targeted by investigators. The alleged crimes relate to transactions the two agents have carried out at 11 Italian clubs since 2018, including Juventus, Inter Milan and AC Milan.

However, the clubs themselves are not examined. Sources told Reuters at the time that the transactions under review by the authorities included the 2020 transfer of soccer player Miralem Pjanic from Juventus to Barcelona and the 2020 transfer of Federico Chiesa from Fiorentina to Juventus.

In early 2020, Spanish authorities launched a major investigation – dubbed “Project Lanigan” – into Mr Ramadani and his associates for alleged money laundering.

It has been claimed that fake transfers have been used by football players to launder millions of dollars in funds. Real players were allegedly transferred through so-called ‘ghost’ football clubs in countries like Serbia, Cyprus and Belgium, which allowed the agents to avoid paying taxes on the money they received for the signing.

Mr Ramadani is said to have resided in Ireland. However, it has also been reported that he has spent much of his time in Spain.

No reply was received to an email sent to Mr. Ramadani yesterday.

His vehicle, Lian Sports, was one of the most prominent sports management agencies in the world, serving a number of well-known clients.

In late 2020, Mr. Ramadani initiated a process to merge four companies in Malta with his Dublin-based vehicle Primus Sports Consultancy. The four companies from Malta are Lian Sports, Dito Trading, Lanigan Management and Joste Consultancy. The assets and liabilities of the four companies were given as only 495,000 euros at the time.

Notice of the proposed cross-border merger with the Irish company was recently filed with the High Court in Ireland. A remote hearing will be held later this month in connection with the completion of the merger.

It is understood that one of the prerequisites for completing the merger was to obtain cross-border pre-merger certificates from the company’s Malta headquarters. These certificates were probably issued in March of this year.

Company records for Primus Sports Consultancy show that Mr Ramadani transferred his shares in the Irish company to a Cypriot company called Ignalee in March last year. However, it is understood that Mr. Ramadani continues to own and control Primus.

The latest publicly available accounts from Primus Sports Consultancy show that it made a profit of €6.3 million in 2020, down from €10.4 million in 2019.

The accounts confirm that it had net worth of €23.4 million at the end of 2020, up from €17.1 million a year earlier. The turnover in 2020 was 19.5 million euros.

https://www.independent.ie/business/world/football-agent-ramadani-is-merging-units-with-irish-firm-41741474.html Football agent Ramadani merges units with an Irish company

Fry Electronics Team

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