galatasaray banned from europe for 1 year
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Galatasaray banned from Europe for 1 year

Egypt Today, egypt today

Egypt Today, egypt today Galatasaray banned from Europe for 1 year

Galatasaray fans react at the final whistle during the UEFA Champions League
Nyon - Arab Today

UEFA on Wednesday banned Turkish champions Galatasaray from European competition for one year for breaching spending rules.

A UEFA tribunal ordered the ban after Galatasaray "failed to comply with the terms of the settlement agreement" made with the European confederation in May 2014, said a statement.

Galatasaray have spent heavily in recent years to buy the likes of Germany's World Cup winner Lukas Podolski and Dutch star Wesley Sneijder. They have also been ordered to cut back on wages but the club was relieved only to get a one-year ban.

UEFA referred the case to its financial control adjudicatory chamber in January after Galatasaray did not balance its budget for the 2015-2016 season as promised.

Turkish reports said Galatasaray had promised to restrict losses to 30 million euros over a three-year period but the final figure was 160 million euros.

UEFA said Galatasary would be banned from European competition for the next season it qualifies in 2016-2017 and 2017-2018 seasons.

"The Turkish club has also been ordered to limit the overall aggregate cost of employee benefits expenses of all of its players in each of the next two reporting periods" for 2016 and 2017, UEFA said.

Galatasaray, who failed to get beyond the Champions League group stage this season and went out of the Europa League to Lazio last week, said it hoped to be back in European competition after one year.

The team are having a poor Turkish Super Lig campaign and are currently in fifth place, outside even a chance to play in the Europa League next year.

Coach Mustafa Denizli resigned on Tuesday after just three months in the job.

Galatasaray vice president for legal affairs Esref Alacayair said: "We are going to have to be careful spending money for the next two seasons. We won't be able to spend money like before.

"I don't think it's such a bad outcome. We only got one year. It's our aim this year to win the Turkish Cup or through a placing in the league qualify for UEFA… and then in the next season (17/18) to qualify for the Champions League."

UEFA implemented its financial fair play rules in 2011 in a bid to force clubs to balance their books. Every club in European competition is assessed and bans are the toughest sanction.
Source: AFP

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

galatasaray banned from europe for 1 year galatasaray banned from europe for 1 year



GMT 09:51 2016 Tuesday ,29 March

Back to drawing board for new father Murray

GMT 09:17 2017 Monday ,13 February

RAK police seek help to locate missing girl

GMT 21:52 2011 Monday ,08 August

Leverkusen\'s Giefer hospitalised

GMT 23:05 2017 Wednesday ,25 January

Millions travel for China’s Lunar New Year festival

GMT 23:06 2017 Tuesday ,24 January

Pakistan military tests nuclear-capable missile

GMT 11:34 2017 Tuesday ,14 February

Artist makes NY fashion week debut on a bus

GMT 14:35 2018 Monday ,22 January

Azza Fahmy Jewellery announces UK store launch

GMT 07:41 2014 Wednesday ,19 March

Nail brand The Lacquer Lab launches

GMT 15:19 2011 Tuesday ,02 August

Orwellian Barton forced to train alone by Newcastle

GMT 12:25 2016 Wednesday ,14 December

Evaluation of Participating Companies Goes in Full Swing

GMT 13:37 2017 Monday ,25 December

Abducted Yemenis kept in chains in Houthi jails
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday