UEFA Ban Galatasary From European Football After FFP Breach
UEFA has banned Turkey’s Galatasaray from European football for one year over breaches related to Financial Fair Play.
UEFA said in January that the club had failed to comply with its rules governing the permitted level of financial losses.
UEFA’s statement read: “Galatasaray will be excluded from participating in the next UEFA club competition for which they would otherwise qualify in the next two seasons (i.e. the 2016/17 and 2017/18 seasons).
“This decision was taken after Galatasaray failed to comply with the terms of the settlement agreement that it entered with the CFCB Chief Investigator in May 2014 under Article 15 of the Procedural rules governing the UEFA CFCB.
“The Turkish club has also been ordered to limit the overall aggregate cost of the employee benefits expenses of all of its players in each of the next two reporting periods (i.e. the reporting period ending in 2016 and the reporting period ending in 2017).”