A financial crises has hit the Spanish club
Oguchi Onyewu's Málaga have been banned from European Club competitions for one year by UEFA on Friday.
The ban will go into place next season and does not effect Málaga ‘s current Champions League run, which next sees them face off against FC Porto in the round of 16.
Additionally, UEFA said in their ruling, that the club could be penalized for a second season within the next four years if they do not pay their debts by March 31, 2013. The debt is estimated to include $11.6 million in unpaid player wages.
Málaga predictably published a statement addressing what they called "disproportionate and unjustified" sanctions by UEFA, who were enforcing compliance with the Financial Fair Play regulations, in place since 2011.
The Anchovies currently sit in fourth position in the Spanish League, which would be good enough for a playoff spot in next year's Champions League and exactly where they finished the 2011-12 season.
Málaga are set to make an estimated $33 million in prize money and TV revenue this season from their knockout stage appearance in the Champions League.
UEFA punished a total of nine European clubs on Friday, five of which included substantial fines.