The Court of Arbitration for Sport has ordered Independiente de Avellaneda to pay approximately $1.5 million to Ecuadorian midfielder Fernando Gaibor, threatening the club's ability to register new players if they fail to comply within 30 days.
The Court of Arbitration for Sport (TAS) has ruled in favor of Ecuadorian midfielder Fernando Gaibor, mandating that Independiente de Avellaneda pay nearly $1.5 million in debts related to his contract. This decision comes as a significant financial blow to the club, which is already struggling with its economic situation. The TAS has given Independiente a strict deadline of 30 days to settle the amount, marking a critical point for the club as it faces severe consequences should they fail to comply.
If Independiente does not make the payment within the designated timeframe, they will face a sanction that would prohibit them from registering new players. This restriction could drastically hinder the club's strategic planning for upcoming seasons, particularly in the wake of a challenging financial climate. The inability to strengthen their squad would have immediate impacts on their competitive potential in domestic and international competitions.
This development adds further complexity to the financial woes of Independiente, which must now find immediate solutions to address its debts while also planning for the future. With their financial health already in jeopardy, this ruling intensifies the need for effective management and possible restructuring to avert long-term damage to the club's reputation and sporting aspirations.
