December 18, 2017


Thursday, August 7, 2014

Government takes control of the CABB

Cabinet Chief Jorge Capitanich (l) talks to Sports Secretary Carlos Espínola and trustee Federico Susbielles (r).

Due to political and economical crisis

The national government took control yesterday of the Argentine Basketball Confederation and appointed Federico Susbielles as trustee for a six-month term.

The national government took control yesterday of the Argentine Basketball Confederation (CABB) due to irregularities in its financial management during the presidency of Germán Vaccaro.

National Sports Secretary Carlos Espínola explained yesterday that “due to the delicate institutional and economical situation” the executive appointed Federico Susbielles as trustee at the Argentine Basketball Confederation (CABB) for a six-month term.

Susbielles is a former basketball player and is currently serving as manager of the Local Administration Units of PAMI (National Institute of Social Services for Pensioners).

The measure was published yesterday in the Official Gazette and is signed by the Justice Minister Julio Alak.

The government took the decision after several CABB authorities presented their resignation.

“Many irregularities were made under Vaccaro’s administration and he will now have to answer for them,” Espínola added. Among the documents found in the audit,were bounced cheques in a CABB bank account for eight million pesos.

It was also revealed that the US$150,000 loan received from the International Basketball Federation (FIBA) in October 2012 was not mentioned in its book keeping.

The debt after the six-year Vaccaro administration rises to nearly 25 million pesos.

Taking control of the CABB and removing the officials who accompanied Vaccaro in his administration were the main requests made by national team players ahead of the World Cup.

Led by captain Luis Scola, the players did not only want to remove Vaccaro but also the other officials, who ignored the request and tried to stay in charge, naming first vice-president Ricardo Siri as president. But Siri’s administration lasted a few days as the General Assembly decided to replace him with Daniel Zanni, who tried to solve the organization’s main problems.

Nevertheless, the players were not satisfied and kept the pressure on for a deeper change. Zanni resigned last week and without any officials remaining, the Sports Secretariat took control of the situation.

Herald staff with Télam

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