UEFA PUNISH CLUBS WHO HAVE BREACHED FINANCIAL RULES

UEFA PUNISH CLUBS WHO HAVE BREACHED FINANCIAL RULES

Swiss club FC Sion have been fined and barred from taking part in European competitions for the next two seasons after failing to pay for the transfer of a player, UEFA said Tuesday.

 

“The club is excluded from participating in the next UEFA club competition for which it would otherwise qualify in the next two seasons,” European football’s governing body said in a statement. It added that the Swiss club had also been fined 235,000 euros ($292,000).

 

The case involves a 950,000 euro debt FC Sion had failed to pay on time to French club Sochaux in a disputed transfer of Ghanaian player Ishmael Yartey. The amount, which had been due in March last year, was finally paid three months late, UEFA said.

 

UEFA also slapped penalties on three other clubs for breaching licensing rules. Kazakh club FC Irtysh were hit with a 440,000 euro fine and three-season ban from European competition, although it said the penalty was suspended. UEFA also said it had withheld 215,000 euros in Europa League participation bonuses from Serbian club FC Vojvodina and Albanian club KF Tirana.

 

Source: www.hindustantimes.com

editor

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