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
Pornhub: Cheeky Liverpool fan uploads Philippe Coutinho wonder-goal video to adult website
Watch the moment a basketball player reassures a small boy after a mass brawl erupted on court
Eden Hazard didn't like the champagne on offer in the Chelsea dressing room
Jon Stewart brings The Daily Show to WWE Raw as Seth Rollins pays the price for feud with TV presenter
Why Manchester City could turn to Liverpool manager Brendan Rodgers if Manuel Pellegrini is dismissed
- 1 What happens to your body when you give up sugar?
- 2 Japanese island overrun with cats after population explodes
- 3 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 4 Have sex with your iPad thanks to the new sex toy no-one asked for
- 5 Average penis size revealed: Scientists attempt to find what is 'normal' to reassure concerned men
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'