Galatasaray banned for one year. image Source: yeni.mobi[/caption]Internet Desk. : Galatasaray have been banned from European competition for a year for breaching financial fair play rules, Uefa has reported.
The club will be excluded from the Champions League or Europa League if they qualify this season or next.
European football's governing body said in January that the Turkish champions had broken regulations on the level of financial losses allowed.
The Istanbul club is currently placed fifth in Turkey's Super League.
If they finish in that position it would leave Galatasaray outside the qualifying places for next season's Champions League and Europa League.
The 2000 Uefa Cup winners have played in the Champions League for the past four seasons, going out at the group stage of this season's competition.
They dropped into the Europa League but lost to Lazio at the last-32 stage.
Galatasaray official Iskender Baydar said that club directors are "examining the text of the decision" and will issue a statement later.
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