As Ms Patrick writes, Power8’s name was already on display advertising at Goodison Park, "alongside better known sponsors such as sportswear maker Umbro and Thai beer Chang" when the Spanish club struck a Ł45m arrangement with the company registered in Costa Rica and Spain.
Police in Taiwan now allege Power8 used the sponsorships to lure hundreds of investors in Asia into buying shares in the company before disappearing with their money. Emails to Power8 officials bounced back, and a message on its website says operations are temporarily suspended. Espanyol says Power8 is overdue on its sponsorship payments and has started legal action. An Everton spokesman declined to comment.
» Read the full article at Wall Street Journal
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