Decisions on PAS Giannina and Panathinaikos
Thursday, June 27, 2013
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The UEFA Club Financial Control Body, following a meeting of its adjudicatory chamber, decided not to admit PAS Giannina FC and Panathinaikos FC to the 2013/14 UEFA Europa League.
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The UEFA Club Financial Control Body (CFCB), further to the investigation performed earlier this June and after the meeting of its adjudicatory chamber in Nyon, Switzerland, has taken decisions with regard to the two Greek clubs PAS Giannina FC and Panathinaikos FC.
The CFCB has concluded that the licence awarded to both clubs by the national association to participate in the UEFA club competitions was not issued in accordance with the UEFA Club Licensing and Financial Fair Play Regulations (Edition 2012) due to the non-fulfilment of financial criteria.
Therefore, PAS Giannina FC, who were entitled to enter the 2013/14 UEFA Europa League on sporting merit, and Panathinaikos FC, who as the next best-placed club would be first considered to replace PAS Giannina FC, have both been refused the admission to this season’s competition.
These decisions are final and may be appealed before the Court of Arbitration for Sport.
