Malaga failed to overturn its ban from European soccer competition for breaking UEFA’s so-called financial fair play rules.
The Spanish soccer team, which is owned by Qatar’s Sheikh Abdullah Bin Nasser Al Thani, won’t be able to play in next season’s Europa League, the Court of Arbitration for Sport said in an e-mailed statement. A Spanish team hasn’t been picked to replace Malaga in the second-tier continental tournament.
Malaga, which finished sixth in Spain’s 20-team La Liga, was handed the ban by UEFA in December when it owed money to other clubs, the court statement said.
The club must also pay a 300,000 euro ($398,000) fine it received from the European soccer ruling body, the Lausanne, Switzerland-based court said.
Malaga repaid the debts during the court proceedings, the court statement said.
UEFA, based in Nyon, Switzerland, is seeking to bring clubs in line with financial controls that aim to reduce debt and prevent them from spending above their means.
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