Fenerbahce drop case over Champions League ban

roxbury · Apr 26, 2012

Fenerbahce drop case over Champions League ban

Fenerbahce have dropped a court case against UEFA and the Turkish Football Federation over their exclusion from the Champions League due to a Match-Fixing Investigation, the club said on Thursday.

Fenerbahce, the 2011 league champions, said in a statement to the Istanbul Stock Exchange they were dropping the case at the Court of Arbitration for Sport but gave no further details.

Fenerbahce shares rose more than 5 percent after the announcement.

Fenerbahce were barred from the Champions League because of their alleged involveement in the match-fixing scandal and the club's chairman is among 93 defendants, including leading soccer officials and players, being tried in a case that has cast a shower over Turkey's multi-billion dollar league.

The team could be stripped of their domestic title, thrown out of Turkey's top league and forced to play in a lower division, penalties that could cost the club millions.

slink - orlandosentinel
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roxbury · Apr 26, 2012

Manys says , this is a 'Huge U Turn from Fenerbahce'...