Paraguayan banking scandal hits football, with at least 10 players affected
Lawyer says most players exceed the deposit reimbursement limit and are preparing a collective legal complaint La entrada Paraguayan banking scandal hits football, with at least 10 players affected se publicó primero en Buenos Aires Herald .
The financial and political crisis in Paraguay is spreading to football, with at least ten local players potentially affected by the closure of the country's largest digital bank, Ueno. The Paraguayan Central Bank took control of Ueno Bank on Monday, freezing the funds of nearly three million customers after discovering that the bank's solvency ratio had fallen below the legal minimum.
Nearly half of Paraguay's population, including ten members of the men's national football team, are among those affected. The affected players are considering legal action, as their deposits exceed the reimbursement limit set by the Central Bank. The Paraguayan Football Association, which had a $12 million sponsorship deal with Ueno, has also lost a key source of income.
CONMEBOL, the South American football governing body, is also affected, with the organization listed as a depositor with $15 million. Despite the ongoing crisis, CONMEBOL confirmed that neither the organization of the Copa Libertadores and Copa Sudamericana tournaments nor the prize money is at risk.
Written by urgent.news from Buenos Aires Herald's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
