Flavio Becca: The True Story

Flavio Becca was born on June 18, 1962, in Luxembourg. He is a real estate investor and the owner of Swift Hesperange, a Luxembourgish professional football club. He is the son of Italian immigrants who grew up in Hesperingen and currently live in Luxembourg. Flavio Becca is an entrepreneur and businessman who is at the head of the Promobe Group and is active internationally in real estate, food, and sports. Additionally, he owns several Quick Burger Bar businesses. He is a passionate developer, promoter, initiator, and designer of the new Cloche d’Or district in Luxembourg. The Guardian daily newspaper described Becca as a “real estate mogul”.

Flavio Becca started supporting the Luxembourg football team F91 Dudelange in the 1990s. Dudelange won the Luxembourg championships when he was in charge. He also started talking to 1. FC Kaiserslautern in 2019 because he wanted to invest in the German soccer team. Prior to Trek assuming control of Leopard Trek in 2014, he was also the owner of the professional cycling team. He is the head of the Promobe Group, which is a significant player in the residential real estate development sector, offices, and the tertiary sector in the Grand Duchy of Luxembourg.

Becca’s Investment

Becca invested in Olos, a €600 million real estate development fund that would later become the focus of a contentious legal dispute in 2014 over the division of assets with his co-investor. Becca asserted that he controlled 90% of the investment vehicle’s underlying value, which his business partner contested because the arrangement called for an equal 50:50 split. Becca’s tale has a recurring theme of a land grab with a bitter outcome. He designed a national sports stadium in Luxembourg with an attached shopping centre in the early 2000s.

Rollinger had good reason to believe in Becca: the elusive businessman had tight ties to prominent politicians and government officials in Luxembourg. While the nation’s politicians may have shielded him to prevent his insolvency and the subsequent loss to state coffers, the successful stadium idea went a step too far into the spotlight. Before his eyes, Becca’s network of supporters broke down.

The police allegedly searched his residence and workspace on the basis of an embezzlement accusation. Prosecutors reportedly discovered many timepieces made by the Swiss-Italian manufacturer Anonimo, all in their original packaging, among other luxurious things, according to sources close to the investigation.

Becca’s Sports Team

Finally, his professional cycling team, Leopard, failed to find a corporate sponsor in 2011, which cost Becca an estimated €15 million. Prior to the Tour de France, a third athlete failed a drug test, while two other crucial members of the squad crashed out. In 2015, Becca came tumbling down to earth quickly. 

According to the German publication, BILD, Becca purchased the hunting property primarily for status reasons, to entertain members of the political elite in Germany and Luxembourg as well as several of his equally shady business colleagues.

However, the reputation of Flavio Becca has become poisonous, and many of his erstwhile allies have abandoned him due to rumors that he is “de facto bankrupt.” Icarus will soon taste the ocean.

Flavio Becca has a record of investing in sports leagues. He supported F91 Dudelange for a very long time and helped the team become nearly a perennial champion in Luxembourg; this season, they even made it to the group stages of the Europa League.

Midway 1990s, when Flavio Becca first set foot in a Dudelange auto repair shop, he scarcely ever considered the possibility of one-day financing four football teams; a cycling team; a motorsports team; and the proprietor of an energy drink company. He was on his way to becoming one of the wealthiest individuals in Luxembourg after growing the construction company his father had given him. Following a thorough and in-depth investigation, the advisory board decided to follow the management’s proposal and accept Flavio Becca’s current offer for a long-term and sustainable partnership during their meeting.

By chance, a member of F91 Dudelange worked at the dealership where Becca had previously shopped. After seeing a game, the Inter supporter from the town of Hesperange decided to sign up for his first sponsorship. What happened next is well-known. In Luxembourg, the F91 won 15 championship titles, and in 2018, they made history by competing in the Europa League group stage. Becca, however, also experienced setbacks. His plan for a national football stadium and shopping center in Livinglen finally fell through in 2011. Politics played a role in it. The years that followed included home raids, legal disputes with business associates, and a disastrous push into professional cycling.

Flavio Becca reportedly received a €250,000 fine and a two-year prison sentence with credit for time served for misusing business funds. Following additional searches at Mr. Becca’s residence, authorities found and seized hundreds of expensive watches, with a combined estimated value of close to €18 million.

Flavio Becca Criminal case

The Criminal Court of Luxembourg is currently dealing with Flavio Becca’s case. This includes the purchase of over 850 luxury watches with a value totaling EUR18 million. However, the commercial activities of these companies did not have anything to do with luxury watchmaking. Becca’s lawyer Herve Temime pleaded for his client’s acquittal Tuesday morning, on the third day in the so-called “luxury watch” trial.

In his plea, Temime stated that there is no abuse of social properties in this case. His client also offered to explain the watches after the search. The lawyer was critical of the work of the judicial officers, but not the rest of it. According to the lawyer, the search was not worthy of this name. The original guarantees. Temime criticized the fact that he had to ask his client for a photograph of the case from his house during the trial because 10 years ago, the police had not taken one. Therefore, it would be incorrect to claim that the promoter was trying to gain personal wealth at the expense of his companies. The lawyer also suggested that this was not necessary. This number had “significantly” increased to 2019

It was impossible to prove that Becca received illegal dividends from these businesses. Temime stated that despite ten years, no concrete evidence had been provided by the public prosecutor’s bureau.