I wouldn't be surprised with any story in football right now. After the Channel four dispatches documentary with Brian Robson. Football ownership is completely unregulated at present and with that lack of regulation comes mismanagement. Money laundering has happened in sports in the past and I am pretty convinced that with the amount of interest that the sport now generates football owners are major players.
Like the blog says though this type of story will never come out so it's all exactly what it says it is, a conspiracy theory.