VB Sports Club has been fined by FIFA over the contract terminations of two foreign players in 2007.
The two players, Sergio and Bovaria, both from Argentina, were among the first foreign players bought by the club after its re-branding from Island Football Club, to VB Sports.
According to Haveeru the club CEO has confirmed that club had been fined by FIFA, but did not know the exact amount.
However, Haveeru reported that the amount was believed to be USD 50,000.
The reason for the contract termination was due to the players not being up to standard. The only game they played was the tsunami charity match, and both had given a very poor performance.
Their contracts were terminated before the season had started.
Haveeru reports that the club is barred from participating in the AFC cup, until they paid the fine.
Over the last few weeks VB have been signing many big names in preparation for the AFC cup.