MOSCOW, July 2. /TASS/. The Union of European Football Associations (UEFA) confirmed to TASS on Thursday that Russia’s Rubin Kazan FC would take the place of Dinamo Moscow FC in the Europa League after the club from the Russian capital violated financial fair-play regulations.
In line with UEFA regulations, after Dinamo Moscow received a one-year ban over financial fair-play violations and thus was excluded from the participation in the European tournament’s season, its nearest contender in the Russian national championship Rubin Kazan FC, took its spot in the 2015/2015 Europa League competition.
According to an official statement posted on UEFA’s website on June 19: "The Adjudicatory Chamber of the Club Financial Control Body (CFCB) today announced that FC Dinamo Moskva will be excluded from participating in the next UEFA club competition for which it would otherwise qualify in the next four seasons… because it has failed to comply with the break-even requirement set out in Articles 58 to 63 of the UEFA Club Licensing and Financial Fair Play Regulations."
Reached by a TASS correspondent for the commentaries on the situation, Arkady Rotenberg, the president of Dinamo Moscow FC, said the club was now set to focus on the development of youth football since it would miss a year in the European tournaments.
The principle of financial fair play was approved by UEFA Executive Committee in September of 2009 and came into force in 2011. Since then each club participating in UEFA competitions must prove it has no overdue liabilities to other football clubs and its players or tax arrears as well. A football club must also prove that it did not spent more than it earned.