Argentine, Italian clubs fined over transfer deal
FIFA has fined Argentine club Independiente and Italian club
Genoa for breaking transfer rules in a blocked deal for defender
FIFA says both clubs’ behavior ”stains the credibility of the
entire transfer system.”
They agreed that Genoa would pay a ”significant” amount to
Independiente to complete mandatory documents which FIFA insists
should be free of charge in its Transfer Matching System.
Genoa also failed to submit documents to FIFA’s online process,
which seeks to ensure fair dealing and financial transparency in
the billion-dollar annual transfer market.
FIFA says its disciplinary panel fined both clubs 35,000 Swiss
FIFA says Independiente faces further disciplinary action, and
Genoa has been warned about future conduct.
The 22-year-old Velazquez has stayed in Argentina as FIFA
stalled the transfer since Aug. 31.