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Tromsø replace excluded Beşiktaş

Published: Friday 30 August 2013, 8.30CET
Following the Court of Arbitration for Sport's rejection of Beşiktaş JK's appeal against exclusion from the UEFA Europa League, the UEFA Emergency Panel has reinstated Tromsø IL.
Tromsø replace excluded Beşiktaş
The UEFA Emergency Committee met on Friday ©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: Friday 30 August 2013, 8.30CET

Tromsø replace excluded Beşiktaş

Following the Court of Arbitration for Sport's rejection of Beşiktaş JK's appeal against exclusion from the UEFA Europa League, the UEFA Emergency Panel has reinstated Tromsø IL.

Following today's decision of the Court of Arbitration for Sport (CAS) to reject the appeal made by Beşiktaş JK against the UEFA Appeals Body decision of 15 July 2013 excluding the Turkish club for a year for match-fixing, the UEFA Emergency Panel held a meeting this morning.

The UEFA Emergency Panel, which is composed of five members of the UEFA Executive Committee, decided to reinstate Tromsø IL – who had lost to Beşiktaş JK in the play-off round – for the remainder of the 2013/14 UEFA Europa League.

As a consequence, the Norwegian club will now be included in the UEFA Europa League group stage draw which will take place on 30 August at 13.00CET in Monaco, streamed on UEFA.com.

Last updated: 09/05/14 4.00CET

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