galatasaray banned from europe for 1 year
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Galatasaray banned from Europe for 1 year

Arab Today, arab today

Arab Today, arab 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

arabstoday
arabstoday

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

 



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 05:50 2017 Tuesday ,15 August

20 killed in Takhar funeral attack

GMT 04:51 2017 Thursday ,13 April

Huda Kattan among top 10 beauty influencers

GMT 09:44 2018 Saturday ,06 January

Aoun to deliver speech in Rome this afternoon

GMT 09:14 2017 Saturday ,30 December

London stocks end year on record high

GMT 11:47 2017 Monday ,11 December

France's rightwing shifts after Macron victory

GMT 04:49 2013 Monday ,27 May

Feng Shui living room concepts

GMT 19:45 2017 Wednesday ,18 January

The UAE Releases Global State of the Future Report

GMT 23:40 2017 Wednesday ,18 October

OIC condemns terrorist attack in Jeddah

GMT 16:41 2017 Saturday ,18 February

FBMA International Show Jumping Cup 2017 competition

GMT 17:43 2017 Tuesday ,14 February

Spanish activists taken to court over BDS activism
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab 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 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday