Arsenal fined by Fifa over illegal secret sell-on clauses on player transfers

Arsenal fined by Fifa over illegal secret sell-on clauses on player transfers

- Arsenal risk stiffer penalties if they engage in further questionable transfers

- Fifa has fined the club heavily in transfers involving Chuba Akpom and Joel Campbell

- The Gunners were alleged to have hidden some details in both deals

The Gunners have been fined £34,000 by the world’s football governing body Fifa for keeping secret sell-on clauses for players.

Fifa also warned the Premier League club against further breaches as it will force it to take severe actions against the north London club.

Arsenal were also warned against future occurrence of the act and investigations have been launched into transfers of Joel Campbell from Italian club Frosinone as well as Chuba Akpom to Greek club PAOK.

PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed!

It was gathered that the Gunners will get much bigger earnings if both players return to clubs in the UK in future as their sell-on clauses in their contracts were variable.

Retention of military chiefs is a disservice to Nigeria - Group tells Buhari

The deal was made such that if 24-year-old Akpom returns o any club in Britain, Arsenal will receive 40percent of the deal, however if he goes elsewhere the Gunners will get 30percent only.

Arsenal fined by Fifa over illegal secret sell-on clauses on player transfers

Arsenal's alleged shaddy deal on Chuba Akpom attracts Fifa fine. Photo Credit: Getty Images
Source: Getty Images

Frosinone would have to pay Arsenal 30 per cent of any fee if Campbell was sold back to the UK, but only 25 per cent if he went anywhere else.

Fifa have been monitoring the deals closely since January with evidences that the Londoners did not declare the true status.

About four months ago Manchester City have been banned from playing in two consecutive Champions League seasons by the football governing body in Europe UEFA.

The English champions were also slammed with a staggering €30 million fine after they were found guilty of breaking financial fair play rules.

The Citizens got into the hook of Club Financial Control Body (CFCB) following a discovery that it misled UEFA by increasing its sponsorship revenues when submitting accounts as part of the FFP compliance process.

Kaduna, Gombe and others named among 32 states that may find it difficult to pay salaries after Covid-19

Legit.ng earlier reported that Arsenal vs Norwich City ended in a 4-0 win for the Gunners as they continue their remarkable comeback on the backdrop of defeats since returning from the break.

Pierre-Emerick Aubameyang scored a brace from two mistakes and Granit Xhaka added the third while Cedric Soares completed the onslaught to push Arsenal up to seventh on the table.

Rashidi Yekini is irreplaceable in Super Eagles – Abdul Sule | Legit TV

Source: Legit

Online view pixel