FIFA bans Sport Recife from transfer activities due to unpaid debt
Sport have been restricted from registering new players both domestically and internationally. The verdict was passed by FIFA on Monday as the Brazilian outfit have failed to pay up the remaining debt of € 907,500.00 (R $ 6 million) to Sporting for their purchase of André in 2017.
On Monday, FIFA announced the sanction to Sporting in a brief statement. The football body is entitled to make that decision based on Article 24bis of the Player Situation and Transfer Regulation.
“The ban will come into effect at the beginning of the next registration period and will remain applicable until the amount due is paid and for the maximum duration of three consecutive full registration periods. “
“On the other hand, the embargo will be lifted immediately and before its fulfillment. Complete, once the amount due has been paid “ FIFA said via a statement.
Despite the temporary sanction, Sport are allowed to extend contracts of players within their current squad. So far, Rubro-negro have agreed extensions with coach Jair Ventura, midfielder Thiago Neves and midfielder Marcão for all parties to remain at the club until the end of the year at least.
Sport Recife’s board plan to use their remuneration for staying in the Brazilian Championship ($ 11.9 million), to pay the debt. More specifically, the Brazilian side plan to make a down payment of € 500 thousand (R $ 3.38 million). The remaining will come via installments before the end of the year.
However, Sporting are only looking to accept a one-time full payment of the debt. In addition to that, the Portuguese outfit plan to ask FIFA to deduct points if the debt is not paid off.