UEFA bans Turkish Galatasaray for a year over financial fair play breachMarch 2, 2016 - 17:18 AMT PanARMENIAN.Net - Galatasaray have been suspended from European competition for a year for breaching financial fair play rules, Uefa has confirmed, BBC Sport reports. The club will be excluded from the Champions League or Europa League if they qualify this season or next. European football's governing body said in January that the Turkish champions had broken regulations on the level of financial losses allowed. The Istanbul club is currently fifth in Turkey's Super League. Finishing in that position would leave Galatasaray outside the qualifying places for next season's Champions League and Europa League, BBC says. The 2000 Uefa Cup winners have played in the Champions League for the past four seasons, going out at the group stage of this season's competition. They dropped into the Europa League but lost to Lazio at the last-32 stage. Galatasaray official Iskender Baydar said that club directors are "examining the text of the decision" and will issue a statement later. Top stories Armenian gymnast, Olympic bronze medalist Artur Davtyan has reached the finals of the World Cup. Gor Manvelyan has denied reports alleging that he has expressed a desire to one day play for the French national team. Roma midfielder Henrikh Mkhitaryan is not considering FC Spartak Moscow as his next haven, according to fresh reports. 10 Armenian lifters will compete in the 2021 World Championships scheduled to be held from 7 to 17 December in Tashkent. Partner news | Get Started: An educational platform for young startuppers The Get Started program which operates in two phases is an important platform for young startuppers. Byblos Bank Armenia celebrates Students' Day with scholarship recipients YSU students who received scholarships from Byblos Bank Armenia gathered in a casual setting to meet with the Bank's CEO, Hayk Stepanyan. Azerbaijan extends Rune Vardanyan’s arrest by 5 months A court in Azerbaijan has extended the arrest of former Nagorno-Karabakh leader Ruben Vardanyan by five months. Armenia border residents dissatisfied with delimitation Residents Kirants are dissatisfied with the results of the delimitation of the border between Armenia and Azerbaijan. |