Football Leaks: Why Bundesliga supervisory boards insist on compliance

Football Leaks

Since the football leaks, we’ve known what we knew for a long time: In professional football, several protagonists try to trick the tax authorities – and sometimes go beyond the limits of what is allowed. This can also become a problem for Germany’s Bundesliga clubs; in the worst case they could be liable for tax losses – for example, if stars or their advisors conduct business through dubious offshore companies. And as we hear, football supervisory board members from the business world in particular are currently warning against this risk.

More and more top managers – but hardly any women

More and more club directors are therefore currently dealing with “tax compliance”, which shows once again that competent supervisory boards are a decisive factor in professionalisation (and from our point of view much more important than new investors). It is therefore gratifying that almost all Bundesliga clubs have now set up supervisory boards for their professional departments – and that managers such as Henkel CFO Carsten Knobel (Fortuna Düsseldorf), Deutsche-Bank sales manager Moritz Dörnemann (Schalke 04) or OHB boss Marco Fuchs (Werder Bremen) are based there. However, the committees often lack independence and diversity. We therefore recommend that you not only look for candidates among the sponsors and in men’s networks.