CAS Upholds Besiktas European Ban
July 9, 2012
Besiktas will not be in European competition next season after the Court of Arbitration for Sport (CAS) has upheld the UEFA decision to suspend the Turkish team.
Be?ikta? were investigated by UEFA for misleading them in the second and third quarters of 2011, pills non-payment of players wages and ruled that they violated articles of the recently implemented financial fair play regulations.
Eskisehirspor will replace the Black Eagles in this seasons Europa League campaign.
Be?ikta? is estimated to be in debt to tune of €180-€200 million, Chairman Fikret Orman had made it his priority to resolve the mounting financial crisis and create a more sustainable future when he was elected last month.
The Istanbul club have been taking steps to resolve the situation and are expected to have a clear out this summer, cut their wage bill and focus on developing their academy players as well as signing players on free transfers.