Turkish side, Galatasaray have been banned from all UEFA competitions for one season, for failing to comply with the financial fair play regulations.
In a statement confirming the ban, the Adjudicatory Chamber of the UEFA Club Financial Control Body (CFCB), said the club will be excluded from the Champions League or Europa League if they qualify this season or next.
The statement read:
Galatasaray will be excluded from participating in the next UEFA club competition for which they would otherwise qualify in the next two (2) 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.
It added that 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.
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).
In 2014, the Istanbul club which is currently fifth in Turkey’s Super League was also fined £155,000 (200,000 euros) by the UEFA requiring it to break even on football-related trading over a three-year period.
The 2000 UEFA Cup winners have played in the Champions League for the past four seasons, going out at the group stage of this season’s competition. They dropped into the Europa League but lost to Lazio at the last-32 stage.
Galatasaray official Iskender Baydar said that club directors are “examining the text of the decision” and will issue a statement later.