Luis Palma Celtic transfer at centre of bitter row as club president claims they’re owed cash and he has no choice but to involve FIFA

The transfer saga surrounding Luis Palma’s departure from Aris to Celtic is centered around outstanding money owed to his former team.The president of Vida Club, Luis Cruz, asserts that the Greek team owes them money from the sell-on portion that was first agreed upon in the agreement to transfer Palma from his native Honduras to Greece in 2022. With his goal totals and assist totals since joining Parkhead for just over £4 million in the summer, Palma has made an impression.

Cruz, nevertheless, is convinced that his club still owes Aris money from the transaction and feels that they will suffer greatly if they don’t get the £50,000 they feel they are due. He adds that they are forced to take the issue up with FIFA.

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Cruz clarified, saying, “We included in a 35 percent sell-on charge when we made the first €200,000 transfer for Luis Palma. However, following his move to Celtic, we never got paid. We know that Celtic paid €4.8 million (£4.1 million) for Luis.”As Luis was leaving, I advised him not to go to the Greek club and that I had arranged for him to be transferred to a Portuguese club instead, but his agent insisted that he go to Aris.” They haven’t reimbursed us for the entire money from the initial transfer either, and the sell-on cost has negatively impacted our finances a tremendous deal.

They owe us about £50,000 in total between the original transfer and the sell-on. The only option left to us is to bring the issue before FIFA. Although we are pleased that Luis has achieved great success at Celtic, we require this money in order for this club to survive. We must act in this way in order to maintain a club. As a result, I had to lower compensation and postpone payments.”

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