EuroLeague forbids to register Facundo Campazzo until March / News - Basketnews.com

EuroLeague imposed sanctions on Crvena Zvezda. The Serbian club will not be available to register their newcomer Facundo Campazzo until February 28.

Credit: ABA League j.t.d./Dragana Stjepanovic Credit ABA League j.t.d./Dragana Stjepanovic

EuroLeague issued an official statement regarding Facundo Campazzo and Crvena Zvezda Meridianbet Belgrade.

2-pointers this season

55%19,1Points made:19,1Accuracy:54,9%Place in standings:10Record max:33Record min:11Most made 2FGs:Nemanja NedovicTeamEuroLeagueStatisticsSchedule

The statement says Red Star will not be available to register new players, including newcomer Facundo Campazzo, and coaches until February 28.

However, EuroLeague fans can still see Facu playing since the new players' registration deadline is March 1.

Campazzo is set to miss at least 9 more EuroLeague matches following the sanctions.

Full EuroLeague's statement:

"Euroleague Basketball's Finance Panel, an independent regulatory body, has imposed a sanction consisting of a prohibition to register new players and coaches until February 28, 2023, and a fine of €25,000 on Crvena Zvezda for severe violations of the Financial Stability & Fair Play Regulations (FSFPR).

The case wasreferred to the Finance Panelby the Management Control Commission (MCC), the independent commission that reviews the financial performance of the clubs and their compliance with the relevant regulations, on December 1, 2022. The Finance Panel had opened an adjudicatory proceeding and imposed a provisional ban on Zvezda that prohibited the registration of players and coaches.

The imposed sanctions consider the severity of the infractions, which included having overdue payables with players from current and previous seasons, as well as providing untrue or inaccurate information, allowing the club to take undue competitive advantage and to continue with its normal operations despite an irregular financial situation under the FSFPR.

The Panel has also considered Crvena Zvezda's recidivism, as the club had previously been sanctioned on two other occasions within recent years. The sanction also warns the club that any further violation of the FSFPR may lead to more severe sanctions, such as victories discounted from the team's record.

This decision may be appealed before the Court of Arbitration for Sport."

After EuroLeague announced the punishment, Crvena Zvezda reacted to the news. The Serbian clubbelieves that EuroLeague's sanctions are extremely severe.

Full Crvena Zvezda's statement:

"Crvena Zvezda Meridianbet Belgrade informs the public that on Wednesday the club received a decision and punishment from the so-called financial EuroLeague panel, according to which our club has no right to register new players until February 28, 2023!

In addition, the club was fined 25,000 euros.

Crvena Zvezda believes that this punishment is extremely severe and will continue in the coming days with all legal means to fight to 'overthrow' this punishment!

The club will inform the public about all further details on a daily basis."

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