Campazzo agency on sanction: 'It's a sign in the wrong direction' / News - Basketnews.com

"The decision of EuroLeague's financial panel is essentially punishing Facundo Campazzo the most," Octagon Europe wrote.

Credit: ABA League j.t.d./Dragana Stjepanovic Credit ABA League j.t.d./Dragana Stjepanovic

Facundo Campazzo's agency -- Octagon Basketball Europe -- issued an official statement regarding the EuroLeague's Finance Panel, an independent regulatory body.

Facundo Campazzo

Team:Crvena Zvezda Meridianbet BelgradePosition:PGAge:31Height:179 cmWeight:75 kgBirth place:Cordoba, ArgentinaProfileNewsStatistics

The latter institution has imposed a sanction consisting of a prohibition to register new players, including Facu, and coaches until February 28, 2023, and a fine of €25,000 on Crvena Zvezda for severe violations of the Financial Stability & Fair Play Regulations.

Full statement:

"As one of the leading sports agencies, we were asked last summer along with our top colleagues to work with ELPA in order to finalize the new EuroLeague CBA, in order to give full protection for the players and make transparent the obligations of all parties. The players are the cornerstone of the game and basketball exists because of them.

The decision of EuroLeague's financial panel is essentially punishing Facundo Campazzo the most, as he will be unable to play and give the EuroLeague fans one more top name to enjoy, upgrading the competition. In our humble opinion, the fine should have been stricter towards the concrete part committing the breach, not creating collateral damages to the most sacred part of our game and industry: the player.

In this case, the resolution of the EuroLeague financial panel is losing sight of what is important. The players and the sport itself. They can impose any type of fine or penalty to any club. Preventing a player of this level from playing the game is a decision that doesn't help EuroLeague and it's a sign in the wrong direction."

Thank you for reading us! We have even more content for you.