Spanish club Malaga is enjoying an outstanding season, both on the league side and in the UEFA Champions League, but they are set to pay the price for the financial problems that plagued them earlier in the year.
UEFA has slapped Malaga with a one-year ban from European club competitions for failing to pay player wages and tax bills on time. The suspension could include a second year if Malaga doesn’t settle all debts by a pre-set deadline. UEFA also issued Malaga a $396,000 fine.
Malaga was one of eight clubs hit with sanctions by FIFA for financial irregularities. Bucharest clubs Dinamo and Rapid, Serbian club Partizan Belgrade, and Hajduk Split and Osijek of Croatia could also face one-year suspensions if they don’t settle their debts by March 31st, 2013. Four of the teams were hit with €100,000, while Hajduk was slapped with a €80,000 fine.