The Argentine Football Association (AFA) will receive a millionaire prize after the victory of the albiceleste as champion of the World Cup in Qatar 2022.
For having achieved first place, FIFA will give the trans-Andean organization some 42 million dollars. Additionally, Conmebol will grant him another 10 million dollars. This, because he promised to give them if the champion was from South America.
In total there are 52 million dollars that will reach the finances of the AFA. These will supposedly be distributed among the champions, for the improvement of the infrastructure, training football, among others.
However, it is possible that there will be an expense that until now was not planned by the federation. But yes by the Central Bank of Argentina.
Why would they take part of the prize away from the world champions?
On Thursday, December 15, two days after the trans-Andean qualification for the World Cup final, the Central Bank board discussed what, at that time, would be an eventual triumph for Lionel Messi and company in the world final.
Knowing that the “Albiceleste” would obtain an ultra-million dollar amount if it took first place, the banking authorities defined the mechanisms that they would implement to possibly keep part of the prize. Not because they wanted to take over the title, but to adjust to the exchange rate.
As explained by the economics section of Clarion, The exchange stock is “a restriction on the purchase or acquisition of a currency from another country (in this case, the dollar). The objective he seeks is to prevent the local currency from losing value and inflation from rising.
How much money would they take from Messi and company?
As reported Bloomberg, the joy and transversal euphoria caused by the historic triumph of the trans-Andean people would not be a reason to evade the regulations, the bank’s directors concluded. Specifically, this regulation states that “the Selection must sell the dollars they obtained from the prizes in the official exchange market.”
The price per dollar would be 172.70, “half the value at which the (Argentine) peso trades in the capital market,” adds the aforementioned media.
The very probable sale should be made within five days after receiving the millionaire prize. This would mean, for the new world champions, a loss of up to 7,868 million Argentine pesos (about 45 million US dollars).
