“PDVSA has never stopped honoring its obligations with the Venezuela Football Federation,” said the company in a statement, without offering specifics.
The federation has said that the lack of funding from PDVSA, its chief sponsor, has hurt its ability to train and travel and made it impossible to attract a world-class international coach.
OPEC member nation Venezuela is in the midst of a severe recession which has been aggravated by a slump in oil prices.
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