Categories: Business

U.S. permits transactions with two Venezuelan baseball groups By Reuters

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© Reuters.

CARACAS (Reuters) – The U.S. Treasury Division has granted licenses permitting transactions with two Venezuelan baseball groups, the native Baseball League and two sources stated on Friday.

The transfer will let the groups within the sanctioned and baseball-loving South American nation contract gamers from the U.S. throughout their off season.

In November 2019, the Treasury Division’s Workplace of International Belongings Management (OFAC) licensed transactions with six of the eight groups within the Venezuelan baseball league, permitting them to usher in Venezuelan and overseas main league gamers.

The groups overlooked on the time had been Navegantes de Magallanes, whose headquarters is within the Venezuelan metropolis of Valencia, and Tigres de Aragua, from town of Maracay.

The Venezuelan Skilled Baseball league(LVBP) introduced by way of Twitter (NYSE:) on Friday that each groups acquired licenses from OFAC.

The choice comes simply weeks earlier than the beginning of the baseball season in Venezuela.

The Treasury Division didn’t instantly reply to a request for remark.

OFAC “issued the licenses on Friday and they’re within the palms of the groups’ legal professionals,” a supply linked to the Venezuelan league added.

“Individuals are now not going to disadvantaged of seeing their stars. … Now they are going to be uniformed right here,” stated Oscar Henriquez, president of the sports activities committee of Tigres de Aragua.

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