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Draw to decide Fenerbahçe replacements

Published: Thursday 29 August 2013, 15.34CET
The UEFA Emergency Panel has decided all losing teams in the UEFA Europa League play-offs will enter a draw on Friday to decide who replaces Fenerbahçe SK in the group stage.
Draw to decide Fenerbahçe replacements
A draw will be held in Monaco on Friday morning ©UEFA.com

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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.

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Published: Thursday 29 August 2013, 15.34CET

Draw to decide Fenerbahçe replacements

The UEFA Emergency Panel has decided all losing teams in the UEFA Europa League play-offs will enter a draw on Friday to decide who replaces Fenerbahçe SK in the group stage.

The UEFA Emergency Panel has met today to review the consequences of the CAS decision confirming the exclusion of Fenerbahçe SK from the 2013/14 UEFA club competitions.

The Emergency Panel decided that all the teams that are eliminated in the play-off round of the UEFA Europa League today will enter a draw to randomly select the team replacing Fenerbahçe in the 2013/14 UEFA Europa League group stage draw.

This replacement draw will take place in Monaco on Friday 30 August at 09.00CET and will be streamed live on UEFA.com.

Last updated: 09/05/14 4.01CET

http://www.uefa.com/disciplinary/news/newsid=1987381.html#draw+decide+fenerbahce+replacements

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