Financial Crisis: UEFA Suspends 3 Turkish Clubs

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UEFA has banned Turkey’s Besiktas, Bursaspor and Gaziantepspor from European competitions for one year due to financial problems, club officials said yesterday.

UEFA’s decisions, with the punishments for the first two confirmed by European football’s ruling body, came as a fresh blow to the beleaguered Turkish league amid a court investigation into match-fixing allegations which overshadowed the whole of last season.

“Besiktas were fined 200,000 euros ($250,700) due to delays in payments to players and staff,” they said in a statement to the Istanbul Stock Exchange where shares in the club are traded.

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.

Besiktas had qualified for the second qualifying round of the Europa League and Bursaspor for the pre-qualifying rounds. Shares in Besiktas tumbled more than 9 percent on the news to 4.29 lira.

UEFA said in a statement that its appeals body had decided to exclude Besiktas from the next two UEFA club competitions for which it qualifies in the next five seasons.

The exclusion for the second competition is suspended for a probationary period of five years.