\t\t\t \t\t\t\t\t \t\t\t\t\t Argentina\u2019s judiciary has launched an investigation into U.S. businessman Foster Gillett over allegations of money laundering. The investigation is linked to transactions with Argentine football club Estudiantes de La Plata, according to national media.<\/p>\n
The investigation is probing whether the transfer market signing of Cristian Medina, who joined Estudiantes from Boca Juniors in January, involved money laundering.<\/p>\n
When Medina was signed, Boca Juniors informed the Argentine Football Association (AFA) that it had received the payment to activate the midfielder\u2019s contract release clause from Gillett\u2019s personal account, which is banned by FIFA regulations. The issues were later resolved, and Medina spent the last season playing for Estudiantes.<\/p>\n
Two other footballers also had problems with Gillett\u2019s financial backing earlier this year. Planned transfers for V\u00e9lez Sarsfield\u2019s Valent\u00edn G\u00f3mez and River Plate\u2019s Rodrigo Villagra also fell through after Gillett failed to secure the funds to pay their contract release clauses.<\/p>\n
Some outlets reported that Gillett\u2019s Argentine associate, Guillermo Tofoni, was also facing accusations, but the Herald was able to confirm that he is implicated in the case only as part of a request for information from prosecutor Emilio Guerberoff.<\/p>\n
Foster Gillett\u2019s Estudiantes connection The U.S. businessman was first linked with Estudiantes in December 2024, when the club announced a partnership which was supposed to come with a US$120 million investment.<\/p>\n
It came at the height of the fight between the AFA and the Milei administration over the issue of private sports corporations (SADs, by their Spanish acronym).<\/p>\n
The deal drew criticism because it was unclear how it would comply with the AFA\u2019s ban on SADs, what powers it granted to the U.S. businessman, and how he was planning to recoup his investment.<\/p>\n
You may also be interested in: How Estudiantes nearly became a test site for private sports corporations in Argentine football<\/p>\n
Around the same time, Gillett also purchased a stake in Uruguay\u2019s Rampla Juniors. The U.S. businessman got the ball rolling with US$1 million, intended to settle the club\u2019s debts and compile a squad that could fight for promotion to the first tier.<\/p>\n
However, by June, Rampla had failed to win a single game under Gillett\u2019s stewardship and was instead relegated to the Uruguayan third tier.<\/p>\n","protected":false},"excerpt":{"rendered":"
Argentina\u2019s judiciary has launched an investigation into U.S. businessman Foster Gillett over allegations of money laundering. The investigation is linked to transactions with Argentine football club Estudiantes de La Plata, according to national media. The investigation is probing whether the transfer market signing of Cristian Medina, who joined Estudiantes from Boca Juniors in January, involved […]<\/p>\n","protected":false},"author":11,"featured_media":19073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5990,4354,66,5991,67],"tags":[5988,4352,1368,5989,1369],"class_list":["post-19072","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cristian-medina","category-estudiantes-de-la-plata","category-football","category-foster-gillett","category-sports","tag-cristian-medina","tag-estudiantes-de-la-plata","tag-football","tag-foster-gillett","tag-sports"],"_links":{"self":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/19072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/comments?post=19072"}],"version-history":[{"count":0,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/19072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media\/19073"}],"wp:attachment":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media?parent=19072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/categories?post=19072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/tags?post=19072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}