Besiktas 'suspended from European competitions' by Uefa
Wednesday 30 May 2012
Uefa have suspended Besiktas from European competitions for one year and fined them €200,000 due to financial problems at the Istanbul club, Turkish media reported today.
The move came after Uefa scrutinised Besiktas' accounts in the second and third quarters of 2011 and ruled that they breached articles of the ruling body's financial fair play regulations.
Shares in Besiktas tumbled more than 9 percent on the news to 4.29 lira.
Besiktas Chairman Fikret Orman and the club's lawyers attended a meeting with Uefa's disciplinary committee for a second time on Wednesday after the club was earlier warned about its financial status and high debt.
Orman said Besiktas would appeal to the Court of Arbitration for Sport (CAS) regarding the ban, but added he was not very optimistic about a ruling in favour of the 13-times Turkish champions.
"We will defend the club's rights until the end, and will appeal to CAS as the first step," Levent Erdogan, a lawyer and club board member told Turkey's Dogan news agency.
"I think it's a dramatic decision, and it will hit us pretty badly, but there's nothing we can do," he added.
Latest in Sport
- 1 Florida man sentenced to two-and-a-half years for having sex on the beach in front of a child
- 2 Autistic teenager beaten up by bullies makes them watch 20-minute video about autism
- 4 World learns of app that shows you who unfriended you on Facebook, app promptly crashes
- 5 Chris Moyles reportedly set to make radio comeback with new breakfast show on XFM
More Britons believe that multiculturalism makes the country worse - not better, says poll
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Sickness and disability benefits could be reduced by £30 a week as part of £12bn welfare cuts
Greece debt crisis: Angela Merkel and Francois Hollande issue Athens with 24-hour ultimatum to avoid crashing out of the euro
Greece crisis: Referendum exposes a gaping hole at the heart of the European Union – its lack of genuine legitimacy