José Antonio Camacho [File photo] |
Compensation negotiations have broken down between José Antonio Camacho, China's recently terminated soccer head coach, and the China Football Association (CFA), Titan Sports reports.
According to an associate of Camacho's attorney, a summary of the one-week negotiations between Camacho and the CFA will soon be passed to the Chinese and Spanish press. The summary, according to the source, will show that Camacho has made concessions during negotiations, but the CFA has refused to honor its contract. The source said that if the CFA has not honored its commitment by July 9, the dispute will be taken to the International Federation of Association Football (FIFA).
According to a FIFA official, Camacho's law firm is well-regarded by both FIFA and the Union of European Football Associations. Without such an assurance, Camacho's attorney would be unlikely to appeal to FIFA.
The CFA contract with Camacho was set to expire in December 2014. When it was terminated early, Camacho requested that he be paid for the time left in his contract. Camacho has agreed to concede liquidated damage from three months' salary. The CFA's reason for breaking negotiations was not, reportedly, the salary itself, but rather the 18 million yuan ($2.94 million) tax burden the salary would carry, even in Camacho's absence.
Neither CFA nor Wanda Group, a CFA sponsor, have been willing to pay those taxes.
Go to Forum >>0 Comment(s)