Hungarian football club financed with embezzled Australian dollar millions

Robert Belteky, the ex-leader of Care Park, an Australian-based company is accused of AUD 10 million fraud. The former boss of Care Park ran the parking management company for more than 10 years. The company is not only known in Australia, as it has several subsidiaries in different countries, including Hungary. The owners of the company filed a report after they dismissed him.

The news of the accusation was spotted by the Hungarian news portal G7.hu in an Australian newspaper Herald Sun. Born in Australia of Hungarian parents, Robert Belteky led the company since 2009 until November 2022, when the company owners dismissed him for “gross and wilful misconduct”. They then filed a report accusing him of embezzling AUD 10 million from the company since 2012.

His connection to Hungarian football

Belteky started patronising the Hungarian football club Budafoki MTE in 2015, and since then they have made significant progress, reaching the Hungarian top league within a few years. As for the team’s financial situation, its revenues have also increased spectacularly. For example, between 2017 and 2021, its revenues increased fourfold, according to the approximately 100 pages long filed report. As G7 notes, the cash flows between Care Park’s Hungarian subsidiaries and the football club can indeed be verified by company documents. The documents show that the the club received AUD 1.9 million from the company in just 3 years.

In fact, Care Park owns the football club since 2019, replacing Belteky. However, it is alleged that the other company heads, apart from Belteky, were not aware of this.