If Xamax, which already faced being deducted eight points, fails to overturn the decision on appeal it will become the first club kicked out of the league in midseason since Servette went bankrupt in 2005.
''These are serious violations of its obligations by the club,'' the league said in a statement.
The league's disciplinary commission ruled that Xamax's owners failed to provide documents relating to a change of ownership, after businessman Bulat Chagaev took over last May.
The league also suspects Xamax of providing fraudulent bank letters intended to prove that Chagaev could finance the club.
According to documents published by Swiss media, letters appearing to come from the Bank of America ''confirmed'' that Chagaev had access to $35 million. Chagaev is at the center of Swiss criminal investigations into suspected fraud regarding the documents.
Read more: http://latino.foxnews.com/latino/sports/2012/01/18/neuchatel-xamax-loses-swiss-league-license/#ixzz1jt1OyYaa
If this punishment is upheld, this will all but assure Grasshoppers of staying in the top flight.
No comments:
Post a Comment