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)