UEFA Club Financial Control Body hit Malaga with European ban
Madrid: UEFA has announced that Malaga will be excluded from the next European competition for which they qualify after failing to meet financial requirements.
The Andalusians finished fourth in La Liga last season, sealing a place in the Champions League, and they have performed admirably thus far, topping a group containing AC Milan and Zenit St Petersburg.
However, they were plagued by financial troubles over the summer, and they will now be sanctioned for them by the authorities.
"The club is excluded from participating in the next UEFA club competition for which they would otherwise qualify in the next four seasons (i.e. 2013-14, 2014-15, 2015-16, 2016-17)," a statement read.
"In addition, Malaga will be excluded from a subsequent UEFA competition for which they would otherwise qualify (in the next four seasons) if they do not prove, by 31 March 2013, that they have no overdue payables towards football clubs or towards employees and/or social/tax authorities, in accordance with the UEFA Club Licensing and Financial Fair Play Regulations."
Istanbul giants Besiktas were not allowed to take up their place in the Europa League this season due to their financial situation.
Malaga are currently on course for a second straight top-four finish in La Liga this season, and currently sit behind reigning champions Real Madrid.
Download the all new Zee News app for Android and iOS to stay up to date with latest headlines and news stories in Politics, Entertainment, Sports, Technology, Business and much more from India and around the world.
More from India
More from World
More from Sports
More from Entertaiment
- Intolerance issue: Proud to be Indian, won't leave country, says Aamir Khan
- I was shivering while interviewing Nirbhaya's friend, says Ramnath Goenka awardee Sudhir Chaudhary
- If India was intolerant, then Kiran Rao wouldn't have married Aamir Khan: Baba Ramdev
- Watch: Chicago cop shoots a 17-year-old black man 16 times
- Army camp attacked in J&K's Kupwara; three JeM terrorists, one civilian killed