LAUSANNE (AFP) - AC Milan risk being excluded from European competition next season after Uefa on Wednesday (April 10) ordered another probe be carried out into the Italian club for breaches of Financial Fair Play (FFP) regulations.
European football's governing body said in a statement that Uefa's Club Financial Control Body (CFCB) investigatory chamber had decided "to refer the case of AC Milan to the CFCB adjudicatory chamber as the club has failed to comply with the break-even requirement."
The period relates to the 2018-19 season and covering 2016, 2017 and 2018, the statement continued.
"This referral is not related to the decision that was made by the CFCB adjudicatory in December 2018 and covering the 2014-15, 2015-16 and 2016-17 seasons," it added.
The Serie A giants are one of several clubs to have been investigated for breaching Uefa's rules, whereby clubs cannot spend more than they generate by their own means.
Milan have fallen foul of the financial rules since they spent €200 million (S$304.8 million) on transfers in the summer of 2017.
The 18-time Italian champions won an appeal to the Court of Arbitration for Sport (CAS) last year, following a Uefa ban from the Europa League.
The club persuaded sport's highest court that their finances would improve under American hedge fund Elliott Management Corporation, who took control last summer when former Chinese owner Li Yonghong forfeited on the loan he had taken to buy the club in 2017 from former Italian prime minister Silvio Berlusconi.
Milan were assessed by Uefa in December, when they were told to break even by 2021 or have their European ban restored.
The club are currently on target to qualify for next season's Champions League, which they have won seven times, as they sit fourth in Serie A with seven games to play.
They failed to progress to the Europa League's knockout rounds but have managed to reach the semi-finals of the Italian Cup.
Lausanne - AC Milan risk being excluded from European competition next season after UEFA on Thursday ordered another probe be carried out into the Italian club for breaches of Financial Fair Play
AC Milan Risk European Ban as UEFA Order Another Financial
AC Milan face long European ban after UEFA opens second financial fair play case or receive a one-year ban from European club football, lost almost €12.77m in broadcasting revenue and prize
AC Milan could miss Europa League over alleged Financial Fair
AC Milan are in danger of being banned from European competition for breaching financial fair play rules after their case was referred to the adjudicatory chamber of UEFA's club financial control
UEFA's club financial control body must act on Manchester
The English champions released a statement bemoaning the "hostile process" undertaken by European football's governing body after former Belgian Prime Minister and current chairman and chief investigator of UEFA's club financial control body determined that there is a case to be answered regarding suspected violations of Financial Fair Play (FFP) rules.
AC Milan at risk of European ban as Uefa launch further
Football: AC Milan may be banned from Europe as Uefa orders another Financial Fair Play probe. AC Milan is one of several clubs to have been investigated for breaching Uefa's rules, whereby clubs
AC Milan risk European ban as UEFA orders another Financial
LAUSANNE: AC Milan risk being excluded from European competition next season after UEFA on Thursday ordered another probe be carried out into the Italian club for breaches of Financial Fair Play
Milan risk European ban as UEFA orders another FFP probe
Football: AC Milan may be banned from Europe as Uefa orders
AC Milan risk being excluded from European competition next season after UEFA on Thursday ordered another probe be carried out into the Italian club for breaches of Financial Fair Play (FFP) regulations. European football's governing body said in a statement that UEFA's Club Financial Control Body
Milan risk European ban as UEFA order another Financial Fair
Milan risk European ban as UEFA order another Financial Fair Pay probe Milan risk being excluded from European competition next season. Milan risk being excluded from European competition next season after UEFA on Thursday ordered another probe be carried out into the Italian club for breaches of Financial Fair Play (FFP) regulations.
AC Milan risk European ban as UEFA order another Financial
AC Milan risk being excluded from European competition next season after UEFA on Thursday ordered another probe be carried out into the Italian club for breaches of Financial Fair Play regulations. European football's governing body said in a statement that UEFA's Club Financial Control Body investigatory chamber had decided "to refer the
AC Milan face long European ban after UEFA opens second
AC Milan at risk of European ban as Uefa launch further investigation The Italian club has fallen foul of Uefa's financial rules since they spent €200 million on transfers in the summer of 2017.
No comments:
Post a Comment