Report: FIFA investigate Real Madrid over financial irregularities in youth signings
Spanish giants, Real Madrid, are being investigated for financial irregularities within its youth set up by FIFA.
Spanish giants, Real Madrid, are being investigated for financial irregularities within its youth set up by FIFA. World football’s governing body led by Josep Blatter is attempting to figure out how minor players are being signed by the club.
Big European clubs have faced the FIFA and UEFA clamp down on financial misdemeanours this season. FC Barcelona have been banned from buying or selling players in the transfer market, till January 2016.
After the Catalans, it could be the Los Blancos on FIFA’s radar. A team set up by the organisation has been in talks with 20 youth feeder clubs that are in partnership with Real Madrid’s youth system.
This has whipped club President, Florentino Perez into immediate action. Perez has been in constant touch with the local clubs and has asked them not to release any statement until they consult him.
If reports are true, a ban would see them walking in the footsteps of Barcelona. Luis Enrique and co did appeal to the ban imposed on them, but it was to no avail. The Court of Arbitration for Sport (CAS) decided to uphold the decision.
They said,” The panel found in particular that FC Barcelona had breached the rules regarding the protection of minors and the registration of minors attending football academies (articles 19 and 19b is of the FIFA Regulations on the Status and Transfer of Players). Accordingly, the FIFA decision is confirmed in full and the sanction remains in force.”