The Montreal Canadiens, after a bad start to the regular season, now have another headache to deal with.
The Canadiens organization has been named as one of the thousands of Canadian entities who were found to be involved in the massive financial leak known as the "Paradise Papers."
The papers emerged as the result of a leak from the law firm Appleby and the names of companies and individuals found inside that leak have linked over 10 trillion dollars to 19 tax havens around the world.
The Montreal Canadiens were contacted by the Canadian Broadcasting Company following the discovery of their name in the papers and they have responded with the following statement:
"Any such structure by Clud de hockey Canadien was in full compliance with the existing Canadian tax legislation and was reviewed by the Canada Revenue Agency (revenue Canada at the time)."
To be clear merely being named in the Paradise Papers is not proof of illegal activity. In fact the ICIJ, the group who broke this story, has published the following warning the website for the Paradise Papers leak:
There are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any people, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly. Many people and entities have the same or similar names. We suggest you confirm the identities of any individuals or entities located in the database based on addresses or other identifiable information.
That being out of the way even if there is no illegal activity to be found here, fans who have invested a great deal of money in the Canadiens organization won't be thrilled at the idea of the Canadiens avoiding taxes at home.
What may not be illegal could still be viewed as unethical by a great many fans.