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Arsenal/Beveren legal inquiry dropped
AFP, June, 2006
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BRUSSELS (AFP) — An investigation into Arsenal's reported secret takeover of Belgian club Beveren has been dropped by Belgian prosecutors who say there is no case to answer.
Newsnight, one of the BBC's flagship news programmes, on Thursday claimed Arsenal had covertly handed over one million pounds to fund a 2001 takeover of the Belgian club, which specialises in recruiting young players from Ivory Coast.
"We have made inquiries into a suspect transaction by a company," Theo Byl, a spokesman for the public prosecutor, told news agency Belga.
"It was a considerable sum and the inquiry led to a person connected with Arsenal.
"This type of activity is forbidden by (football's world governing body) FIFA, but it is not illegal and we have therefore closed the investigation."
Beveren club spokesman Dirk Dobbeleir said: "We have nothing to fear from FIFA and their rules. A joint venture agreement ...
