Tag: Due Diligence
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Russia oil sanctions loophole in Australia via Macquarie-linked port
Uncovering a potential sanctions loophole New data and investigative findings indicate that large volumes of Russian-origin oil have been traded through a port that is partly owned by Macquarie Bank. The transactions, which analysts say could eventually reach Australian businesses, point to a trading chain that may skirt around some current sanctions on Russia. The…
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Club Statement on FA Update Regarding Ownership and Financial Reporting
Club Statement on FA Update The Club’s ownership group successfully completed its acquisition on May 30, 2022. This transition marked a significant chapter in the club’s history, bringing new vision and direction. However, during the comprehensive due diligence process prior to finalizing the purchase, the ownership group uncovered potentially incomplete financial reporting related to historical…