Galatasaray have been given a ban from UEFA competitions after failing to comply with Financial Fair Play.
The Turkish side had breached the regulations, and like Italian sides Inter and Roma had agreed to limit spending for the next two seasons.
However, the Istanbul giants failed to comply with the agreement, and will therefore be banned from European competition next season, or the season after if they fail to qualify.
Galatasaray have been given a ban from UEFA competitions after failing to comply with Financial Fair Play.
The Turkish side had breached the regulations, and like Italian sides Inter and Roma had agreed to limit spending for the next two seasons.
However, the Istanbul giants failed to comply with the agreement, and will therefore be banned from European competition next season, or the season after if they fail to qualify.
“The Adjudicatory Chamber of the UEFA Club Financial Control Body (CFCB) today announced that Galatasaray AŞ will be excluded from participating in the next UEFA club competition for which they would otherwise qualify in the next two seasons,” a statement from UEFA announced.
“This decision was taken after Galatasaray failed to comply with the terms of the settlement agreement that it entered with the CFCB Chief Investigator in May 2014 under Article 15 of the Procedural rules governing the UEFA CFCB.
“The Turkish club has also been ordered to limit the overall aggregate cost of the employee benefits expenses of all its players in each of the next two reporting periods.”