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By ESPN Staff

Ferencvaros kicked out of Hungary's top division

BUDAPEST, July 25 (Reuters) - Hungary's most popular club Ferencvaros was excluded from the first division on Tuesday after they failed to get a licence to compete in the top flight, national news agency MTI reported.

The 28-times champions were kicked out of the top division by the Hungarian Football Association just three days before the new season starts.

The FA's arbitration panel made the decision so as to comply with the rules of UEFA, European soccer's governing body.

Ferencvaros was punished for failing to meet the financial requirements of the top division. The club also owes money to its former managers and coaches.

Ferencvaros was in the top flight for 105 consecutive years and had never been relegated.

Vasas Budapest, who went down last season, could benefit from Ferencvaros's exclusion by being reinstated in the top division.