Where the money went, and where the record stops
A financial-flow map runs commercial payer → financial institution → intermediary → recipient. Three such maps were required of this research. Two of them can be built from documents. The third cannot, because the research stage that would have built it was never carried out — and that page says so plainly instead of drawing a chain the evidence does not support.
Each map is drawn only as far as its documents reach. A dashed line and the word “Reported” mean a link is reported and unaudited. A missing line means nothing was found — never that nothing happened.
Phase 8 Final §8.1 — Arm 1, the Negreira flow (buildable; NEG-003/007)
FC Barcelona → Negreira-linked companies
What the record establishes is narrow and it is financial: FC Barcelona paid companies controlled by a serving refereeing official and his son, without written contracts, with the club unable to evidence the services. What is alleged but unproven is the purpose. The chain below stops where the evidence stops — no onward payment to any referee has ever been documented.
7 entities · 4 connections · as of 2026-07-17
Phase 8 Final §8.2 — Arm 2, the Messi image-rights flow (buildable; BCN-001/004/005)
Messi image-rights structure
A fully adjudicated and closed personal tax matter. The Audiencia Provincial de Barcelona found that companies wanting to exploit Messi's image commercially contracted through companies in the United Kingdom and Switzerland, while the rights themselves sat with companies in Belize and Uruguay. Three IRPF offences for 2007–2009 were convicted in 2016 and confirmed by the Tribunal Supremo in 2017.
9 entities · 6 connections · as of 2026-07-17
Phase 8 Final §8.3 — Arm 3, the AFA / TourProdEnter flow: NOT DELIVERED
AFA / TourProdEnter
There is no flow diagram on this page, and that is the finding. The research stage that would have established the commercial payer, the financial institutions and any onward flow to AFA was never executed. What survives on its own record is a Florida corporate registration and, as a wholly separate legal matter, a set of Argentine judicial proceedings. Those two things are shown; the chain between them is not, because it was never built.
6 stages never established · as of 2026-07-17