Latest update: 30/07/2009 

- Argentina - Economic crisis - football


League suspended until debt-ridden clubs pay players
League suspended until debt-ridden clubs pay players
The Argentinian football league will not be starting as usual. Football’s ruling body has decided to suspend the league until debt-laden clubs like high-profile River pay their players.
By News Wires (text)

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AFP - The Argentine league has been suspended until debt-ridden clubs pay their players back wages totalling seven million euros.
  
The temporary ban on matches was ordered on Wednesday by the Argentine Football Federation (AFA) whose president Julio Grondona named high profile sides like River Plate, San Lorenzo and Independiente as among those in financial dire straits.
  
According to the AFA the cash flow crisis will only be resolved when revenue from television and betting is released to the clubs.

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