Money laundering has been mentioned, but I don’t see how that would work. You can’t not put money into sponsorship and then get it back and declare it clean..
Is it not also wise to use a business with less visibility? Ideally in the service sector? Not that I’m a money laundering expert (that would make a great website).
Using a company with a “product” means you should have manufacturing and distribution costs and , unless of course you’re not really making the product (ahem). Sponsorship is a similarly odd choice, the fraud office are going to notice if he keeps signing deals where he has none of the capital.
I suppose it could be a Debt laundering scam, he takes out loans as RE, uses that to pay Teams (for a bit) and on the other side of things bills them for some sort of non-existent service or cans of unicorn piss… Of course RE should eventually declare bankruptcy right?, But they just keeps turning back up…
It is sort of fascinating, it’s only my own moral compass and a desire not to risk jail that keeps me from wanting to do the same thing defraud a banks and some sporting teams and make myself a million quid from nothing.