We care about football

Olympiacos Volou appeal rejected

Published: Monday 15 August 2011, 19.45CET
The UEFA Appeals Body has backed the decision of the Control and Disciplinary Body to exclude Olympiacos Volou FC from this season's UEFA Europa League.
Olympiacos Volou appeal rejected
Olympiacos Volou lost their appeal to UEFA ©Sportsfile

Latest updates

The Club Financial Control Body (CFCB) Investigatory Chamber today announced that ten clubs, for which investigations were opened following non-compliance with Financial Fair Play (FFP) break-even regulations, have individually agreed to settlement agreements. The clubs are AS Monaco FC, AS Roma, Beşiktaş JK, FC Internazionale Milano, FC Krasnodar, FC Lokomotiv Moskva and Sporting Clube de Portugal and, for minor breaches, FC Rostov, Kardemir Karabükspor and PFC CSKA Sofia. The CFCB Investigatory Chamber also announced that VfL Wolsburg have been found (following the submission of additional financial information) to have satisfied the break-even requirement and are no longer under investigation. These settlement agreements aim to ensure that each club achieves break-even compliance with minimal delay, and are defined by Articles 14 (1) (b) and 15 of the Procedural Rules governing the CFCB. Each of the settlement agreements includes some or all of the following provisions: Break-even targets: Defined as (i) annual and aggregate break-even results as per individual summary settlements, and/or (ii) financial covenants on the level of employee benefit expenses (total wages and benefits) and player’s amortization incurred in the relevant reporting period(s); Sporting measures: Defined as limitations on (i) the number of players included on the 'A' list related to UEFA competitions, and/or (ii) the registration of newly-transferred players on the 'A' and 'B' squad lists related to UEFA competitions; and/or (iii) employee benefit expenses (total wages and benefits) incurred in the relevant reporting period(s); and Financial contributions: Defined as (i) money withheld from revenues earned from participation in UEFA competitions; or (ii) an amount to be paid in full by a certain deadline. Such contributions shall not impact future break-even calculations. In the event of a club not qualifying for UEFA competition next season, it will nonetheless be subject to the terms of the settlement agreements. The individual settlement agreements will published on UEFA.org next week and a club-by-club summary for information purposes has been published at (LINK). Four previous settlement agreements were announced on 27 February 2015, so today's announcement brings the total number of settlement agreements for 2014/2015 to 14.

Regulations

Disciplinary organisation and cases

Match-fixing prevention

Published: Monday 15 August 2011, 19.45CET

Olympiacos Volou appeal rejected

The UEFA Appeals Body has backed the decision of the Control and Disciplinary Body to exclude Olympiacos Volou FC from this season's UEFA Europa League.

The UEFA Appeals Body has upheld the decision to exclude Greek club Olympiacos Volou FC from this season's UEFA Europa League and to award them a further three-year ban from UEFA competitions, deferred for a probationary period of five seasons.

The Appeals Body, meeting today, rejected Olympiacos Volou's appeal against the decision taken by the UEFA Control and Disciplinary Body on 10 August, the Greek club having been found to have breached Article 5 of the UEFA Disciplinary Regulations.

Subsequent to the original decision of the Control and Disciplinary Body, the UEFA administration decided that FC Differdange 03 from Luxembourg should replace Olympiacos Volou in this season's UEFA Europa League play-off round.

An appeal to the Court of Arbitration for Sport (CAS) may be lodged within ten days of the dispatch of the reasoned decision of the Appeals Body.

Last updated: 14/11/14 14.09CET

Related information

Member associations
Team profiles

http://www.uefa.com/news/newsid=1660808.html#olympiacos+volou+appeal+rejected

  • © 1998-2015 UEFA. All rights reserved.
  • The UEFA word, the UEFA logo and all marks related to UEFA competitions, are protected by trade marks and/or copyright of UEFA. No use for commercial purposes may be made of such trade marks. Use of UEFA.com signifies your agreement to the Terms and Conditions and Privacy Policy.