Economic crisis for PAOK

THE ASSOCIATED PRESS

NYON, Switzerland -- UEFA has given Greek club PAOK Thessaloniki a June 30 deadline to get its finances in order or face a one-year ban from European competition.

UEFA says its disciplinary panel decided that PAOK violated licensing rules and ordered it to pay outstanding players' wages, tax bills and transfer fees owed to other clubs before the end of June.

UEFA fined PAOK C50,000 ($64,000), with a further C200,000 ($255,000) deferred for a three-year probationary period.

UEFA says the one-year competition ban "is also suspended for a probationary period of three years."

PAOK can appeal.

PAOK plays Udinese in the Europa League next month after finishing first in a group that included Rubin Kazan and Tottenham.