CONMEBOL might not be able pay prize money for Copa America winners

 
Conmebol might not be able to pay Copa America winner prizes

South America's football governing body, CONMEBOL, does not have sufficient funds to cover the $10 million prize money for this year's Copa America winners, this according to a report published in Uruguay.

 According to Uruguay's La Ovacion, CONMEBOL reportedly finds itself in a difficult and compromising dilemma given the corruption scandal that revolves around FIFA. The reports alleges CONMEBOL cannot pay the $10 million that it will owe to the top four placing teams. The South American champion is owed $4 million this year, while the second, third and fourth place teams are owed $3 million, $2 million and $1 million, respectively.

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The financial and corporate institutions from where the prize money was to come from, are reportedly under investigation by the FBI and the United States Department of General Prosecution. As a result, those funds have been blocked starting this summer.
"With all that as happened with the CONMEBOL, there is not enough for one book; there is enough for 20 books! It is frightening." Wilmer Valdez, President of the Uruguayan Football Association and Vice President of CONMEBOL was quoted on La Ovacion.