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.
Ahmet Davutoglu tells party faithful in Ankara that Turkey has become a shelter for Syrians
Several media organs reported that 150,000 troops from Saudi Arabia would soon be dispatched to Syria through Turkish borders
Deputy prime minister Kurtulmus warns of the worst case scenario
Turkish premier Davutoglu condemns attacks on civilians amid peace talks
'No one should assume that just because Turkey is taking in all the refugees that it should be expected to shoulder the refugee issue alone,' Turkish PM warns
Turkish Prime Minister says Turkey and Germany are to work together for NATO involvement in curbing refugee flow
Turkey's Deputy Prime Minister Numan Kurtulmus has said Turkey did not have option to say 'no' to refugees fleeing from bombardments in Syria and Iraq
'We are not in a position to tell them not to come. If we do, we would be abandoning them to their deaths,' says deputy PM
'If they reached our door and have no other choice, if necessary, we have to and will let our brothers in,' President Erdogan says
Erdogan says western powers 'ignore' terrorist actions perpetrated by armed wing of PKK’s Syrian affiliate
Iraqi citizens will no longer be able to enter Turkey with a sticker visa, and instead will need to apply for an electronic or paper visa
'I find this Russian statement laughable... rather it is Russia that is currently engaged in an invasion of Syria,' Turkish president says
Plan includes 'comprehensive democratic reform', greater powers for local administrations and economic measures
Erdogan says Syrians will continue to flee country unless Russian and regime airstrikes cease
Leaders of governments, NGOs and members of civil society met in London on Thursday to raise funds for those affected by crisis in Syria
MPs from all parties meet to reform Turkey’s military-era constitution