FIFA suspends Venezuelan soccer executive for five years and imposes a nearly $1 million penalty for financial misconduct.

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    ZURICH โ€” FIFA has imposed a five-year ban on a Venezuelan soccer official due to financial misconduct and has ordered him to pay a fine close to $1 million.

    Manuel รlvarez, who previously held the position of secretary general of the Venezuelan soccer federation, was found responsible for facilitating the โ€œmisappropriation and misuseโ€ of funds belonging to both the federation and FIFA. This decision was highlighted in a statement released by soccerโ€™s global governing body on Friday.

    The ethics committee of FIFA also accused รlvarez of violating principles related to โ€œduty of loyaltyโ€ and other โ€œgeneral dutiesโ€ as outlined in their code of conduct.

    Although FIFA allocates at least $2 million annually to support each of its 211 member federations, the specific details regarding his financial improprieties have not been disclosed. รlvarez has the option to appeal this ruling.

    There are also concerns about how FIFA will enforce the payment of the fine if รlvarez is not involved in soccer again in the future.

    Notably, Venezuela remains the only member of the 10-nation CONMEBOL group of South American soccer federations that has never succeeded in qualifying for the menโ€™s World Cup.