The Trinidad and Tobago Football Association (TTFA) Normalisation Committee says its repayment proposal was fair and equitable, despite all claims not being settled.
A day after a former special adviser to the T&T Football Association (TTFA) Jack Warner was said to have failed to submit claims for monies owed to him by the TTFA, a claim was submitted.
Trustee for the Trinidad and Tobago Football Association (TTFA), Maria Daniel, revealed to creditors that the local football body has received 291 financial claims amounting to roughly TT$90.7m. But to settle its debts, the TTFA has ‘an approved financial arrangement’ of US$3m (TT$20.1m) —minus a ‘supervisory levy’ of TT$1.005m.
The decision-making by the restorative committee to settle the debts of the Trinidad and Tobago Football Association (TTFA) is quite disturbing and an indecent affront to the people of the country. The decision to pay some of the creditors their full balances and others a lesser percentage is an unfortunate and inexcusable act of discrimination.
FORMER FIFA vice president and government minister Jack Warner’s fight against his extradition to the US to face a barrage of fraud-related charges has reached the Privy Council.
Trinidad and Tobago Football Association (TTFA) stakeholders are eager to see local football removed from the hands of the FIFA-appointed normalisation committee chairman Robert Hadad and put back under the control of Association members in the soonest time possible.
Former FIFA vice president and T&T Football Association Special Advisor Austin Jack Warner and former TTFA General Secretary, Sheldon Phillips head the list of 289 creditors who have made claims of TT$84.5 million (US$13.5 million) owed to them by the TTFA.
The Trinidad and Tobago Football Association’s (TTFA) creditors met today and voted unanimously in favour of a debt repayment proposal through the Bankruptcy `Act that will see them receive based on the current validated claims anywhere from 63 cents in the dollar to 100 per cent of the monies owed to them.
President of the Veteran Footballers Foundation of Trinidad and Tobago (VFOTT) Selby Browne wants to be the next president of the Trinidad and Tobago Football Association.