From Buenos Aires Herald · Fernando Romero Nuñez · · 1m
Paraguayan Bank Scandal Affects Football Players
Paraguay's banking crisis impacts 10 football players and CONMEBOL with legal action looming.
In brief
Paraguay's banking crisis impacts 10 football players and CONMEBOL with legal action looming. Paraguayan players face financial loss after Ueno Bank's collapse, with legal action planned against the Central Bank. Originally reported by Buenos Aires Herald.
Bank Closure Spills into Football
Paraguay's Central Bank took control of Ueno Bank, freezing funds for nearly 3 million customers after finding its solvency ratio below legal minimum.
10 Players at Risk
At least 10 Paraguayan men's national football team players have deposits exceeding the 228 million guaraníes reimbursement limit per depositor.
Legal Action Planned
10 players joined a potential collective legal complaint against the Central Bank, seeking recovery of lost funds.
Football Association Loses Sponsor
Paraguayan Football Association lost US$12 million sponsorship with Ueno Bank, removing branding from stadiums.
CONMEBOL Also Affected
CONMEBOL, headquartered in Asunción, has 85.470 million guaraníes in deposits but confirms tournaments and prize money are safe.
The takeaway
Paraguayan players face financial loss after Ueno Bank's collapse, with legal action planned against the Central Bank.
