Punjab FC failed to honour the obligation within March 31, 2020 and as a result, the transfer ban was imposed by the DRC and now the club has been instructed to clear the player's dues at the earliest.
As per the contract, Denkovski was supposed to earn $2000 per month and the final settlement amount was decided at $18,000 with a five per cent interest per annum on the amount as of August 29, 2019.
Denkovski had put pen to paper on a one-year deal with then Minerva Punjab on July 5, 2019. The contract was from September 1, 2019, until May 31, 2020.
Despite the footballer submitting his proof of no Third Party Ownership (TPO) to the club on July 30, then Minerva Punjab informed Denkovski on August 6 that the contract had been terminated and declared null and void due to their change in ownership.
In the same mail, the club also said they had requested for TPO documents from Denkovski long time ago and he was supposed to provide that within two days.
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On August 10, the club had sent 'No Dues Certificate' and 'Mutual Settlement Agreement' to the player, thus unilaterally terminating the contract.
Denkovski tried to negotiate further but he was told he had delayed in submitting the proof of no TPO document and hence the decision was taken by the outfit.
Denkovski dialled Fifa on August 29, saying the club terminated the contract without just cause and that it has to pay compensation for breach of the same.
The DRC judge acknowledged that a valid contract of employment was signed between the two parties and that Denkovski had sent the proof of no TPO documents within the time frame.
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