Neuchatel Xamax loses Swiss League license

Updated: January 18, 2012

GENEVA (AP) — Chechen-owned club Neuchatel Xamax has lost its license to play in the Swiss Football League.

The league says in a statement that Xamax has committed “serious violations” of its obligations.

The league’s disciplinary commission ruled that Xamax’s owners failed to provide documents relating to a change of ownership, when businessman Bulat Chagaev took over last May.

The league also suspects Xamax of providing fraudulent bank statements intended to prove that Chagaev could finance the club.

Xamax can appeal within five days.

It is next scheduled to play on Feb. 4 at home to Lausanne Sport when matches resumes after the winter break.

Xamax is fourth in the 10-team top division.

Copyright 2012 The Associated Press.

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