Besiktas sanctioned by UEFA on FFP grounds

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Updated: May 8, 2015
Volkan Çelik

Volkan Çelik

Besiktas born and raised ! Football coach in the making. - London, U.K
Volkan Çelik

Besiktas have been sanctioned by UEFA. Earlier today UEFA made an announcement on their site in which they stated:

 

“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.

Beşiktaş JK

  • The settlement agreement covers the sporting seasons 2015/16, 2016/17, 2017/18 and 2018/19.
  • Beşiktaş undertakes to reach full break-even compliance by monitoring period 2018/19 (i.e. reporting periods 2016, 2017 and 2018).
  • Beşiktaş accepts that it will be subject to a limitation on the number of players that it may include on the A list for the purposes of participation in UEFA competitions. Specifically, for season 2015/16, Beşiktaş may only register a maximum of 22 players on the A list, instead of the potential maximum of 25 as foreseen in the relevant competition regulations, and 23 players for the 2016/17 season. Such restriction will be lifted as from season 2017/18 if the club fulfils the operational and financial measures agreed with the UEFA CFCB.
  • Beşiktaş agrees to pay a total amount up to €5.5m, which will be withheld from any revenues it earns from participating in UEFA competitions commencing in season 2014/15. Of this amount, €1.5m shall be paid in full, irrespective of any early exit from the settlement regime, and will be withheld in three equal instalments. Payment of the remaining €4m is conditional and may be withheld in certain circumstances depending on the club’s compliance with the operational and financial measures imposed in the settlement agreement.
  • Beşiktaş agrees to report a maximum break-even deficit of €20m for the financial year ending in 2016 and €10m for the financial year ending in 2017.
  • Beşiktaş agrees that for the financial year ending in 2016 and for the financial year ending in 2017 the employee benefit expenses to revenue ratio is restricted and that the amortisation and impairment of the costs of acquiring players’ registrations is limited.
  • Beşiktaş accepts, for the duration of the settlement agreement, a calculated limitation on the number of new registrations it may include within its A list for the purposes of participation in UEFA competitions. This calculation is based on the club’s net transfer position in each respective registration period covered by the agreement. Such restriction will be lifted as from season 2017/18 if the club fulfils the operational and financial measures agreed with the UEFA CFCB.

 

(UEFA.COM)