UEFA gives Vardar deadline for debts payment

UEFA will exclude Vardar from participating in its competitions unless the club pays all the debts until the end of January 2019.

Vardar together with Bulgarian side Levski and Portuguese giant Sporting are the only clubs that have received sanctions from the Adjudicatory Chamber of the UEFA Club Financial Control Body for breaching Financial Fair Play Regulations.

This is the official announcement released on UEFA’s web site:

The UEFA Club Financial Control Body (CFCB) Adjudicatory Chamber has taken decisions in the cases of three clubs that had been referred to it by the CFCB chief investigator, concerning the non-fulfilment of the club monitoring requirements defined in the UEFA Club Licensing and Financial Fair Play Regulations. In particular, the clubs failed to satisfy overdue payable requirements by regulated deadlines.

FK Vardar (MKD): The club is excluded from participating in the next UEFA club competition for which it would otherwise qualify in the next two (2) seasons (i.e. the 2019/20 and 2020/21 seasons) unless the club is able to prove by 31 January 2019 that it has paid the amounts that were identified as overdue payables as at 30 September 2018. The club has also been fined €100,000.

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