Mikel Obi’s former club Trabzonspor have been banned from European club competition for a year over Financial Fair Play breaches.
UEFA said the Turkish side failed to meet an agreement reached in 2016, when the club were found to have breached the rules.
“The CFCB [UEFA Club Financial Control Body] Adjudicatory Chamber has now determined that Trabzonspor AS failed to meet the target fixed for the 2019 financial year,” UEFA said on its website.
According to UEFA, the club “failed to be break-even compliant as
required by a settlement agreement, which it entered into on 20 May 2016″.
Consequently, Trabzonspor will be barred from one UEFA competition in 2020/21 or 2021/22 football seasons if the Turkish team qualifies for the UEFA Champions League or Europa League.
UEFA monitors clubs financially to make sure they are not spending more money than they earn, a measure created to help teams avoid financial problems in the long-term.
The Financial Fair Play (FFP) criteria involve break-even targets, sporting measures and financial contributions.
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Mikel’s last game was for the Black Sea Storm but his contract with the club got “mutually” terminated following a misunderstanding between him and the management at the early stages of coronavirus outbreak in the Asian country.
The former Super Eagles’ captain was outspoken against the continuation of the League amidst the pandemic.
The former Chelsea midfielder is currently in England with his Russian partner Olga Diyachenko and two kids.
His contract with Trabzonspor was due to expire in 2021 before it got terminated in March.
The 32-year-old played a crucial role in helping Trabzonspor soar to the summit of the Super Lig season with 19 league appearances before his departure.