Arsenal Victims of Fraud
As first reported by Arseblog, Arsenal have been caught up in a fraud scandal over in China.
As it turns out, the representative of BYD that Arsenal were dealing with was not in-fact a representative of BYD.
Last week, BYD released a statement:
We have found some illegal entities and/or individuals carrying out advertising business by forging our company’s seal and/or conducting it on behalf of our company (“Fraud Issues”). We made a statement on our website on June 13th 2018. The criminal suspect Li Juan (English name: Liki Li) has been detained by the Chinese Public Security Authority after our reporting.
Hereby we reiterate that BYD was never involved in and is not responsible for any fraud issues. Please make sure to report to the authority responsible whenever you find yourself a victim.
Arsenal then followed suit via social media site Weibo:
BYD has informed Arsenal that they believe they have been the victim of a fraud in relation to various advertising agreements. this includes our partnership with BYD which was formally launched by both parties at an event at the Emirates on 8th May. We are investigating the situation and discussing it with senior level BYD representatives who were involved in the launch of the partnership. We will make no further comments on this matter.
The article over on Arseblog News sums the situation up well.
Can we take a moment to speak about the crisis at Chelsea?
Firstly we have owner Roman Abramovich and his visa issues. Then we have their financial crisis. The club is nearly £1b in debt.
Here we are less then a month till the new season starts and they have just sacked their Premier League manager and replaced him with a homophobe.
Then we have their horrendous transfer policy.
Someone said to me yesterday “Arsenal need to stop signing average players” after I pointed out that Chelsea were spending more than twice on Jorginho than Arsenal did on Lucas Torreira.
In the last 12 months, Chelsea have splashed £150m on Tiémoué Bakayoko, Danny Drinkwater, Ross Barkley and Jorginho…
Eden Hazard, Thibaut Courtois and N’Golo Kante are all linked with moves away.
And this a team who finished 5th and 30 points off top last season.
They have won 2 of the last 4 Premier League titles, but with an owner seemingly unwilling to bankroll them to success any longer and their top players looking for a way out, Chelsea are a club in crisis.