World Bulletin / News Desk
The Union of European Football Associations (UEFA) has said it is withholding prize money from Turkish soccer clubs Fenerbahçe and Eskişehirspor from this season's competition as it investigates the clubs for breaching "financial fair play" rules.
The UEFA said on Tuesday that the two teams are among 23 clubs whose prize money from this season's Champions League or Europa League could be withheld because of overdue payments of transfer fees, wages and social taxes up to the end of June.
Europa League champion Atletico Madrid, Malaga and Sporting Lisbon are also being investigated.
The list of offending clubs was drawn up by Jean-Luc Dehaene, the former prime minister of Belgium and the head of the panel appointed by the UEFA to handle financial fair play cases.
The clubs will have to provide an updated report on Sept. 30 to a UEFA committee led by former Belgian Prime Minister Jean-Luc Dehaene.
"This ... measure will remain in force until all identified balances have been settled in full or until a final decision by the (UEFA committee) is taken," said UEFA.
UEFA approved the introduction of the far-reaching financial fair play rules in 2009 in a bid to reduce debt and introduce better and more transparent financial dealings among clubs playing in its competitions.
UEFA president Michel Platini said the measures have been introduced to stop clubs from spending their way into oblivion and to force them to live within their means.
They are also intended to stop wealthy owners from trying to buy success with limitless spending on players, distorting the transfer market in the process.
Transfer fees and outgoing payments have been monitored since the start of the 2011/12 season with clubs tasked with breaking even in 2012 and 2013 and being assessed during the 2013/14 season.
If clubs have not come into line by then, they could be thrown out of European competition.
Binali Yildirim says ruling party’s most important task is to usher in presidential system
Fiirst-ever World Humanitarian Summit organized by the United Nations in Istanbul dominated Tuesday's headlines
Binali Yildirim meets Turkish President Erdogan to submit the new government list
Foreign minister and European Commission VP exchange views over the phone on visa-free travel for Turkish citizens in Schengen
'Turkey is one of the countries - with its open-door policy - from which Europe should take lessons,' says Guy Ryder
'We must do everything that we can to continue to discuss as it is likely that by July 1 certain things will not be put in place, in other words the visa exemption (will not be granted) as some conditions will not have been fulfilled,' German chancellor says
In air operation in northern Iraq early Monday, Turkish Air Forces destroy weapon caches, shelters, camps
Turkish president deems current humanitarian system 'inadequate for solving urgent problems'
Tuesday’s papers cover extraordinary congress where Turkey’s ruling AK Party elects new party chairman
At least 125 United Nations member states gather in Istanbul on Monday and Tuesday to address intl humanitarian concerns
Sirnak’s central Geylani Mosque has been bombed by PKK terrorists, leaving several Quran copies burnt and torn
President Erdogan asks new leader of ruling AK Party Binali Yildirim to form government
Binali Yildirim elected as AKP's new chairman, who is now set to replace Ahmet Davutoglu as prime minister
Airstrikes in northern Iraq's Qandil and Metina regions Thursday also destroyed terrorist PKK shelters
Security forces seize bomb-laden vehicle in SE Turkey
'A happy Laylat al Bara’at to our honorable nation, to our kin abroad, and to the whole world of Islam,' says Mehmet Gormez