36.1 C
Delhi

Hyderabad FC Must Pay $115,100 to Lift Ban – Here’s What You Need to Know!

Hyderabad FC, the Indian Super League (ISL) team, has recently been in the news for a breach of contract issue with former player Nestor Gordillo. The club has been banned from signing any new players until they make the payment to Gordillo. According to reports, Hyderabad FC has to pay USD 115,100 as compensation for breach of contract to lift ban without just cause, plus 5% interest p.a. as from 7 July 2020 until the date of effective payment.

The issue between Hyderabad FC and Nestor Gordillo dates back to the 2019-20 season, where the club was supposed to pay a total fee (net of Withholding tax) of USD 110,000 to the player. The situation escalated in the 2020-21 season, where the club was supposed to pay a total fee (net of Withholding tax) of USD 145,000, which was to be paid in equal monthly installments. However, the payments were not made on time, and the matter was taken to the All India Football Federation (AIFF) and the FIFA Players’ Status Committee.

The ban on Hyderabad FC has been in place since January 2022, and the club has been unable to sign any new players during the January transfer window. The team has been struggling in the league, and the ban has had a significant impact on their performance. However, the latest reports suggest that the ban will be lifted once the payment to Nestor Gordillo is made.

Here is a summary of the payment that Hyderabad FC needs to make to lift the ban:

  • USD 115,100 as compensation for breach of contract without just cause
  • 5% interest p.a. as from 7 July 2020 until the date of effective payment

The club has been given a deadline to make the payment, and once it is done, the ban will be lifted. This news has brought a sigh of relief to the club’s management and fans, who have been eagerly waiting for the ban to be lifted. The club has struggled in the league without the ability to sign new players, and it is hoped that the lifting of the ban will help them turn their fortunes around.

- Advertisement -TechnoSports-Ad

The ban on Hyderabad FC will be lifted no sooner the payment is made to Nestor Gordillo. The club has been struggling in the league without the ability to sign new players, and it is hoped that the lifting of the ban will help them turn their fortunes around. The club needs to make the payment of USD 115,100 as compensation for breach of contract without just cause, plus 5% interest p.a. as from 7 July 2020 until the date of effective payment.

Read more : Highest Win Percentage as Captain: Rohit Sharma Tops the List

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

IPL 2024: Top IPL Teams With Most Centuries in IPL History

Top IPL Teams With Most Centuries in IPL History: The Indian Premier League (IPL) has always been a platform for cricketing legends to showcase...

IPL 2024 DC vs MI : DC Secures Victory by 10 Runs

IPL 2024 DC vs MI : The clash between the Delhi Capitals (DC) and the Mumbai Indians (MI) was nothing short of a roller...

IPL 2024 LSG vs RR : Rajasthan Royals Clinch Victory with Samson’s 71 to Beat Lucknow Super Giants by 7 Wickets

IPL 2024 LSG vs RR : In a thrilling encounter at the Ekana Sports Stadium, the Rajasthan Royals showcased their dominance over the Lucknow...

Top 10 Players With The Most Test Wickets For Australia in 2024

Most Test Wickets For Australia: Australia, the land of cricketing brilliance, has witnessed a lineage of formidable bowlers who have left an indelible mark...