scorecardresearch
Follow Us:
Friday, August 12, 2022

AC Milan reported over alleged new breach of financial regulations

UEFA said the investigation found that Milan had "failed to comply with the break-even requirement" for the 2018/19 season, its most recent monitoring period, and that the case had been passed to its financial adjudicators.

By: Reuters | Zurich |
April 10, 2019 9:23:52 pm
Under UEFA regulations, any club spending more than the revenue it generates faces possible sanctions, including, in certain circumstances, a ban from competitions run by UEFA. (REUTERS)

AC Milan have been reported by UEFA investigators over an alleged new breach of European soccer’s break-even rule known as Financial Fair Play (FFP), the governing body said on Wednesday.

UEFA said the investigation found that Milan had “failed to comply with the break-even requirement” for the 2018/19 season, its most recent monitoring period, and that the case had been passed to its financial adjudicators.

There was no immediate comment from the Serie A club.

Under UEFA regulations, any club spending more than the revenue it generates faces possible sanctions, including, in certain circumstances, a ban from competitions run by UEFA.

Subscriber Only Stories
Explained: Baloch separatism and the coercive accession of the Khanate of...Premium
Explained: What is the significance of India’s talks with NATO?Premium
The toxic Fathers of St. Xavier’s, KolkataPremium
At native village, locals still have faith in Nitish but some doubt his p...Premium

UEFA said that the referral was not connected to the previous case against the seven-times European champions which saw them banned and then reprieved on appeal.

Milan were given a one-season ban from European football in June after UEFA ruled that the club had not complied with FFP rules for the previous monitoring period.

Milan appealed to the Court of Arbitration for Sport (CAS) which overturned the ban in July, accepting the club’s argument that its finances had improved after an ownership change.

Advertisement

Milan were then able to take part in this season’s Europa League, which they exited in the group stage, while UEFA was ordered by CAS to find an alternative punishment.

In its revised decision in December, UEFA gave Milan until June 2021 to comply with the rules or face a one-season ban from European competition.

Milan are currently fourth in Serie A, which is the final Champions League qualifying place for next season’s competition.

📣 Join our Telegram channel (The Indian Express) for the latest news and updates

For all the latest Sports News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
First published on: 10-04-2019 at 09:23:52 pm

Featured Stories

Advertisement
Advertisement
Advertisement
Advertisement