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Montevideo, November 12th 2018 - 22:46 UTC

Conmebol with no access to funds to pay for prizes and teams' lodgings

Wednesday, June 24th 2015 - 07:35 UTC
Full article 5 comments
Napout has serious problems in collecting the 10 million dollars needed for the Cup prizes plus lodging expenses, revealed Uruguay's Wilmar Valdez Napout has serious problems in collecting the 10 million dollars needed for the Cup prizes plus lodging expenses, revealed Uruguay's Wilmar Valdez
Under contract terms, Conmebol must pay the Cup winner, 4 million dollars; 3m to the runner up and two and one to teams in third and fourth positions. Under contract terms, Conmebol must pay the Cup winner, 4 million dollars; 3m to the runner up and two and one to teams in third and fourth positions.
However despite the significant crisis“, Valdez believes ”president Napout is showing that he is a good storm pilot, he has things quite clear”. However despite the significant crisis“, Valdez believes ”president Napout is showing that he is a good storm pilot, he has things quite clear”.

The current edition of the Americas Cup, the main football competition of South America organized every four years by the South American Football Confederation, Conmebol, and which this year is being hosted by Chile, apparently does not have the funds to pay for prizes and for the lodging of the twelve national teams involved.

 Because of the ongoing FIFA's extended corruption investigation, the marketing companies with contracts over the Cup's rights have their bank accounts blocked, and thus Conmebol does not have access to those funds.

“Conmebol president Juan Angel Napout has serious problems in collecting the 10 million dollars needed for the Chile 2015 Americas Cup prizes plus the lodging expenses of the twelve participating national teams”, according to Wilmar Valdez, head of the Uruguayan Football Association, AUF, and second to Napout at Conmebol.

Under contract terms, Conmebol must pay the winner of the Cup, four million dollars; three million to the runner up; two million and one million to the teams which make it to the third and fourth positions.

Valdez made the revelations to a Uruguayan sports daily, and described the Conmembol situation as “a significant crisis”, however the Uruguayan delegate said that “president Napout is showing that he is a good storm pilot, he has things quite clear”.

According to the US Justice department investigation, the Cup's marketing companies involved, DATISA, TyC, Traffic, Full Play have their bank accounts blocked. This means they can't receive the funds from the Americas Cup rights' contractors. To make things more complicated, the same promoters also have the rights over two of Conmebol main clubs' competitions: the Libertadores and Sudamericana cups.

Meanwhile in Paraguay, the country's Football Referees association, APF, announced it had decided to remove two of its members, Carlos Amarilla and Rodney Aquino, allegedly involved in 'match fixing', following on revelations from tapped phones in which their names surfaced.

In one of the conversations aired by a Buenos Aires television channel, former Argentine football strong man, head of AFA, Julio Grondona is heard talking with Abel Gnecco, the Argentine representative in Conmebol's Referees commission. They mention Amarilla as the 'best reinforcement' for Argentina's Boca Juniors in a match with the Brazilian Corinthians team, disputing the 2013 Libertadores Cup.

Top Comments

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  • Chicureo

    Amazing! The games have gone off here very successfully and without problems, but the organizers must be under incredible stress and depending on everyone's patience in getting paid.

    Jun 24th, 2015 - 10:04 am 0
  • ChrisR

    Ha, ha, ha, ha!

    Blatter, the crook, has a long reach to prevent the association from accessing 'funds' or whatever makes them up.

    Still, it's only football, not life and death then, to misstate a famous saying from a UK football manager.

    Jun 24th, 2015 - 12:56 pm 0
  • ilsen

    “Football is not a matter of life and death, it's more important than that”
    -Bill Shankley

    Probably said 'tongue in cheek ', but taken as gospel by the Argies and Brazilians. ....

    Jun 24th, 2015 - 01:34 pm 0
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