Galatasaray slapped with two-season ban from UEFA competitions after breaking Financial Fair Play rules
* Galatasaray broke UEFA rules on the level of financial losses allowed
* The Turkish giants' ban was confirmed by UEFA on Wednesday
* In 2014, UEFA fined Galatasaray £155,000 and required the club to break even on football-related trading over a three-year period
Turkish champions Galatasaray have been handed a ban from European club competitions by UEFA following their breach of financial fair play regulations.
The Istanbul-based side, who are currently fifth in their domestic league and have Wesley Sneijder and Lukas Podolski in their squad, will be excluded from featuring in the next continental competition they qualify for over the next two seasons.
Their case was referred to UEFA's adjudicatory chamber in January after they were found to have failed to have met the governing body's break-even requirements for the 2015-16 season.
The Turkish giants have been banned from UEFA competitions after breaking Financial Fair Play rules
And UEFA have now meted out their punishment to Gala, who were eliminated from this season's Champions League at the group stage and then bowed out of the Europa League last month.
A statement on Wednesday read: 'The Adjudicatory Chamber of the UEFA Club Financial Control Body (CFCB) today announced that Galatasaray AS will be excluded from participating in the next UEFA club competition for which they would otherwise qualify in the next two seasons (i.e. the 2016/17 and 2017/18 seasons).
'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 (i.e. the reporting period ending in 2016 and the reporting period ending in 2017.'
Galatasaray official Iskender Baydar says club directors are meeting and 'examining the text of the decision,' and will issue a statement later on Wednesday.
UEFA's club finance panel can sanction teams who overspend or miss financial targets.
In 2014, UEFA fined Galatasaray £155,000 (200,000 euros) and required the club to break even on football-related trading over a three-year period.
Galatasaray won the 1999-2000 UEFA Cup final on penalties - defeating Arsenal 4-1 in the shootout.
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