UEFA has slammed Galatasaray with a one-season ban from European competition, after failing to comply with Financial Fair Play regulations.
The Turkish champions had lost about 164 million euros ($177.79 million) over the last three seasons, violating guidelines set by European soccer’s governing body.
Under FFP rules, which have been phased in since 2011, clubs who take part in European competition are not allowed to spend more than their generated income.
A statement from The Adjudicatory Chamber of the Uefa Club Financial Control Body (CFCB) 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.
“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).”
The ban will commence as soon as the club qualify for any of the European competitions – the Champions League or the Europa League, however if Galatasaray fail to qualify for any European competition, the sanction will be waived.