EuroLeague CEO Glickman issues official statement regarding Crvena Zvezda / News - Basketnews.com

Marshall Glickman says it's frustrating that serious violations of the Financial Stability & Fair Play Regulations by the club are preventing great players from being registered until the end of February.

Credit: EuroLeague Credit EuroLeague

Following the Finance Panel's sanction on Crvena Zvezda Meridianbet Belgrade, a Euroleague Basketball CEO, Marshall Glickman, provided his official statement about the situation.

Facundo Campazzo

Team:Crvena Zvezda Meridianbet BelgradePosition:PGAge:31Height:179 cmWeight:75 kgBirth place:Cordoba, ArgentinaProfileNewsStatistics

"This is disappointing to us as we always want the best players on the court. It is frustrating that serious violations of the Financial Stability & Fair Play Regulations by the club are preventing great players from being registered until the end of February. At the league office, we need to ensure that all teams adhere to the same rules, and that is the reason why independent regulatory bodies have imposed such a sanction," he said.

"We are glad that all overdue payables have been settled, but it is important that Crvena Zvezda has a true commitment towards respecting all regulations moving forward, and I believe they do have it, according to our conversations with the club," he added.

EuroLeague's imposed sanctions say that Red Star will not be available to register new players, including newcomer Facundo Campazzo, and coaches until February 28.

A fine of €25,000 was also given to Crvena Zvezda for severe violations of the Financial Stability & Fair Play Regulations (FSFPR).

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