Genoa CFC owners 777 Partners are attempting to re-structure their club's debt to the Italian tax authorities, which currently stands at over 106 million euro. The Italian club faces bankruptcy if the Court of Genoa does not agree to the operation, while other creditors of the club are still owed an extra 160 million.
In 2018, according to documents seen by Josimar, the African Football Confederation (Caf) entered a ten year long sponsorship deal worth close to 60 million euro with controversial online bookmaker 1XBet. But Caf is now “re-evaluating” its business relationship with 1XBet, in a move that could cost millions for the cash-strapped confederation.
Russian-owned betting company 1XBet has been declared bankrupt and owes millions. Yet it still operates, using porn stars to attract punters, and is a partner of FC Barcelona. It expanded into Ukraine, but was recently banned for its support of Putin’s war machine.
Without offering an explanation, cash-strapped Caf has removed a valid proposal from the Zambian FA to cut costs. The reason why is closely related to Gianni Infantino’s fight for re-election.