Fenerbahce Banned From Soccer’s Europa League; Shares Dive
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The top sports court rejected an appeal by Turkish soccer club Fenerbahce against a two-year ban from European competition for match-fixing. The Istanbul team will appeal the decision to Switzerland’s supreme court.
Today’s ruling prevents Fenerbahce playing in this season’s Europa League. It was eliminated by Arsenal in Champions League qualifying last night, losing 5-0 over two games.