Malaga CF soccer club said Tuesday that the Court of Arbitration for Sport turned down its appeal against a ban that will exclude the Spanish side from European competition for one year.
Malaga reached the quarterfinals of the 2012-2013 Champions League, Europe's elite club tourney, and the team's sixth-place finish in La Liga would have entitled them to a berth in the 2013-2014 Europa League.
UEFA, the governing body of European soccer, imposed a two-year competition ban last December as part of a package of sanctions to punish Malaga for financial irregularities.
But a subsequent review led to a reduction in the ban to one year.
In a hearing last week before the Swiss-based arbitration tribunal, the club argued that it had already complied with UEFA's requirements and should not be subject to additional punishment.
The court's ruling means that Malaga will have to pay a fine of 300,000 euros ($398,735) to UEFA and will not be able to take part in European competition for the 2013-2014 season. EFE