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From Chris Blackhurst, the former Editor of the Independent, comes
a gripping and tightly reported account of how the Glazers, owners
of Manchester United, became the most maligned figures in the
Premier League, and how they changed the beautiful game forever.
Manchester United’s supporters span the globe and cross
generations. But, with few exceptions, they are united in their
anger with the American family who bought their club in 2005,
plunging it into record levels of debt. The Glazers’ reign has
become synonymous with the financialization of football, and has
coincided with fan protests and a decline of Manchester United’s
fortunes on the pitch . . . if not on the balance sheet. But what
defines this secretive family, and do these astute businessmen
deserve the opprobrium they receive? In this captivating account,
informed by interviews with key figures behind the scenes,
journalist and commentator Chris Blackhurst charts the gripping
story of the world’s biggest football club – as well as
exploring the wider transformation of the Premier League into a
playground for billionaire owners.
'Packed with insights and details that will both amaze and appal
you' - Oliver Bullough, author of Butler to the World Across the
world, HSBC likes to sell itself as 'the world's local bank', the
friendly face of corporate and personal finance. And yet, a decade
ago, the same bank was hit with a record US fine of $1.9 billion
for facilitating money laundering for 'drug kingpins and rogue
nations'. In pursuit of their goal of becoming the biggest bank in
the world, between 2003 to 2010, HSBC allowed El Chapo and the
Sinaloa cartel, one of the most notorious and murderous criminal
organizations in the world, to turn its ill-gotten money into clean
dollars and thereby grow one of the deadliest drugs empires the
world has ever seen. How did a bank, which boasts 'we're committed
to helping protect the world's financial system on which millions
of people depend, by only doing business with customers who meet
our high standards of transparency' come to facilitate Mexico's
richest drug baron? And how did a bank that had been named 'one of
the best-run organizations in the world' become so entwined with
one of the most barbaric groups of gangsters on the planet? Too Big
to Jail is an extraordinary story brilliantly told by writer,
commentator, and former editor of The Independent, Chris
Blackhurst, that starts in Hong Kong and ranges across London,
Washington, the Cayman Islands and Mexico, where HSBC saw the
opportunity to become the largest bank in the world, and El Chapo
seized the chance to fuel his murderous empire by laundering his
drug proceeds through the bank. It brings together an extraordinary
cast of politicians, bankers, drug dealers, FBI officers and
whistle-blowers, and asks what price does greed have? Whose job is
it to police global finance? And why did not a single person go to
prison for facilitating the murderous expansion of a global drug
empire?
Across the world, HSBC likes to sell itself as 'the world's local
bank', the friendly face of corporate and personal finance. And
yet, a decade ago, the same bank was hit with a record US fine of
$1.9 billion for facilitating money laundering for 'drug kingpins
and rogue nations'. In pursuit of their goal of becoming the
biggest bank in the world, between 2003 to 2010, HSBC allowed El
Chapo and the Sinaloa cartel, one of the most notorious and
murderous criminal organizations in the world, to turn its
ill-gotten money into clean dollars and thereby grow one of the
deadliest drugs empires the world has ever seen. Just how did 'the
world's local bank' find itself enabling Mexico's leading drugs
cartel, and the biggest drugs trafficking organization in the
world, to launder cash through the bank's branch network and
systems? How did a bank, which boasts 'we're committed to helping
protect the world's financial system on which millions of people
depend, by only doing business with customers who meet our high
standards of transparency' come to facilitate Mexico's richest drug
baron? And how did a bank that as recently as 2002 had been named
'one of the best-run organizations in the world' become so entwined
with such a criminal, with one of the most barbaric groups of
gangsters on the planet? Too Big to Jail is an extraordinary story
brilliantly told by writer, commentator and former editor of The
Independent, Chris Blackhurst, that starts in Hong Kong and ranges
across London, Washington, the Cayman Islands and Mexico, where
HSBC saw the opportunity to become the largest bank in the world,
and El Chapo seized the chance to fuel his murderous empire by
laundering his drug proceeds through the bank. It brings together
an extraordinary cast of politicians, bankers, drug dealers, FBI
officers and whistle-blowers, and asks what price does greed have?
Whose job is it to police global finance? And why did not a single
person go to prison for facilitating the murderous expansion of a
global drug empire? Are some corporations now so big as to be above
the law?
From Chris Blackhurst, the former Editor of the Independent, comes
a gripping and tightly reported account of how the Glazers, owners
of Manchester United, became the most maligned figures in the
Premier League, and how they changed the beautiful game forever.
Manchester United’s supporters span the globe and cross
generations. But, with few exceptions, they are united in their
anger with the American family who bought their club in 2005,
plunging it into record levels of debt. The Glazers’ reign has
become synonymous with the financialization of football, and has
coincided with fan protests and a decline of Manchester United’s
fortunes on the pitch . . . if not on the balance sheet. But what
defines this secretive family, and do these astute businessmen
deserve the opprobrium they receive? In this captivating account,
informed by interviews with key figures behind the scenes,
journalist and commentator Chris Blackhurst charts the gripping
story of the world’s biggest football club – as well as
exploring the wider transformation of the Premier League into a
playground for billionaire owners.
‘Packed with insights and details that will both amaze and appal
you’ – Oliver Bullough, author of Moneyland and Butler to the
World From journalist Chris Blackhurst, Too Big to Jail unveils how
HSBC facilitated mass money laundering schemes for brutal drug
kingpins and rogue nations – and thereby helped to grow one of
the deadliest drugs empires the world has ever seen. While HSBC
likes to sell itself as ‘the world’s local bank’ – the
friendly face of corporate and personal finance – it was one
decade ago hit with a record US fine of $1.9 billion. In pursuit of
their goal of becoming the biggest bank in the world, between 2003
and 2010, HSBC allowed El Chapo and the Sinaloa cartel, one of the
most notorious and murderous criminal organizations in the world,
to turn its ill-gotten money into clean dollars. How did a bank,
which boasts ‘we’re committed to helping protect the world’s
financial system on which millions of people depend, by only doing
business with customers who meet our high standards of
transparency’ come to facilitate Mexico’s richest drug baron?
And how did a bank that as recently as 2002 had been named ‘one
of the best-run organizations in the world’ become so entwined
with one of the most barbaric groups of gangsters on the planet?
Too Big to Jail is an extraordinary story, brilliantly told by
writer, commentator and former editor of The Independent, Chris
Blackhurst, that starts in Hong Kong and ranges across London,
Washington, the Cayman Islands and Mexico, where HSBC saw the
opportunity to become the largest bank in the world, and El Chapo
seized the chance to fuel his murderous empire by laundering his
drug proceeds through the bank. It brings together an extraordinary
cast of politicians, bankers, drug dealers, FBI officers and
whistle-blowers, and asks what price does greed have? Whose job is
it to police global finance? And why did not a single person go to
prison for facilitating the murderous expansion of a global drug
empire?
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