European soccer’s ruling body UEFA has banned Galatasaray from European competition for one year over its failure in following financial fair play regulations, UEFA said in January that the club had failed to comply with its rules governing the permitted level of financial losses, paving the way for a potential ban from its Club Financial Control Body (CFCB). The Turkish club has also been ordered to limit the overall aggregate cost of the employee benefits expenses of all of its players'” for the financial years 2016 and 2017, UEFA said. Galatasaray will be excluded from the Champions League or Europa League if it qualifies either this season or next. The club must also control its wage bill. Galatasaray say club directors are meeting and examining the text of the decision before issuing a statement later today.