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AC Milan faces UEFA punishment for breaching finance rules

AC Milan faces UEFA punishment for breaching finance rules
2019-04-12 08:53 Shenzhen Daily

AC Milan is facing another round of UEFA punishment for breaking financial fair play rules.

UEFA said Wednesday its independent club finance investigators have sent Milan’s current file to a panel of judges.

“Milan has failed to comply with the break-even requirement during the current monitoring period assessed in the 2018-19 season,” UEFA said in a statement.

Although Milan is a seven-time European champion, its finances have taken a hit during a five-year failure to qualify for the Champions League.

The latest case is separate from the club finance panel’s judgment in December that fined Milan 12 million euros (US$13.5 million) of Europa League prize money.

That ban could take effect in either the 2022-23 or 2023-24 season if the club fails to break even on soccer-related business in June 2021.

The previous case, which included Milan winning a Court of Arbitration for Sport ruling to overturn a ban from this season’s Europa League, covered a three-year assessment of Milan’s finances up to 2017.(SD-Agencies)

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