CEOL
Swiss blocking YU Euro2000 income

BELGRADE, Jul 9, 2000 -- (Reuters) Switzerland is blocking the transfer of 7.8 million Swiss francs ($4.8 million) earned by the Yugoslav Football Federation (FSJ) from Euro 2000, FSJ general secretary Branko Bulatovic said.

"The Swiss authorities are blocking our income from Euro 2000 until we prove that the FSJ is a fully independent and free sports organization," Bulatovic was quoted as saying by the Beta news agency.

He said UEFA had asked the Swiss authorities, which control both its and FIFA's flow of funds, to establish if there were financial links between the FSJ and the Yugoslav authorities.

"According to our statute, the FSJ is a fully independent sports organization, and our statute is the proof which we will provide," said Bulatovic, adding that he was optimistic that the money would be paid.

In a bid to step up pressure on Yugoslav President Slobodan Milosevic, the European Union tightened financial sanctions against Yugoslavia, only allowing trade with firms and other entities that could prove they could withhold revenues from the authorities.



Original article