Whenever we hear about football 'bungs' it brings to mind meetings under the
clock at waterloo station and brown bags stuffed with cash changing hands.

Does anyone know if the modern day bungs are done on a cash basis, or is it
'just' a bit of money laundering, ie being paid via a 3rd (or 4th) party?

In other words does the recipient receive it and pay taxes on it, or do they
stuff it under the mattress?


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