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Everyone’s in, on the game: financial crime and the organization of sporting events. Looking for a “virtuous” model

Everyone’s in, on the game: financial crime and the organization of sporting events. Looking for... This study aims at investigating the phenomenon of financial crime with specific reference to the organization of major sporting events. In particular, in the light of the existing international regulatory framework and recent cases, the study highlights how the adoption of a “virtuous model” – from the point of view of transparency and legality – fully responds to the needs not only of the sports system itself but, also, and above all, of the entire international community.Design/methodology/approachThe paper combines deductive and inductive approaches in addition to consulting and analyzing the principal official reports on the matter, the state of the art, scholarly studies and some of the most relevant leading cases.FindingsIn view of the growing interest of the international community in fighting the phenomenon of sports manipulation, this study highlights some of the critical aspects that have so far characterized the approach of the institutions, focusing the attention on the profile of “sustainability” and “responsibility” understood also from the legal perspective.Originality/valueGiven, on the one hand, the huge economic interests that the organization of major sporting events generate and, on the other hand, the social impact they produce as well, the study offers some insights on the need to adopt a sort of “third way,” a virtuous model that acts as a forerunner and that combines respect for the law with the peculiarity of the sports system, so that the final result can be of benefit to the entire international community. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Crime Emerald Publishing

Everyone’s in, on the game: financial crime and the organization of sporting events. Looking for a “virtuous” model

Journal of Financial Crime , Volume 28 (1): 10 – Jul 24, 2020

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Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1359-0790
DOI
10.1108/jfc-05-2020-0096
Publisher site
See Article on Publisher Site

Abstract

This study aims at investigating the phenomenon of financial crime with specific reference to the organization of major sporting events. In particular, in the light of the existing international regulatory framework and recent cases, the study highlights how the adoption of a “virtuous model” – from the point of view of transparency and legality – fully responds to the needs not only of the sports system itself but, also, and above all, of the entire international community.Design/methodology/approachThe paper combines deductive and inductive approaches in addition to consulting and analyzing the principal official reports on the matter, the state of the art, scholarly studies and some of the most relevant leading cases.FindingsIn view of the growing interest of the international community in fighting the phenomenon of sports manipulation, this study highlights some of the critical aspects that have so far characterized the approach of the institutions, focusing the attention on the profile of “sustainability” and “responsibility” understood also from the legal perspective.Originality/valueGiven, on the one hand, the huge economic interests that the organization of major sporting events generate and, on the other hand, the social impact they produce as well, the study offers some insights on the need to adopt a sort of “third way,” a virtuous model that acts as a forerunner and that combines respect for the law with the peculiarity of the sports system, so that the final result can be of benefit to the entire international community.

Journal

Journal of Financial CrimeEmerald Publishing

Published: Jul 24, 2020

Keywords: Sustainability; Shared responsibility; Major sporting events; Legal model

References