AC Milan has been handed a year ban in UEFA competition by FFP (Financial Fair Play) for failing to meet their “break-even” requirements. The rule prevents teams losing more than £15m per season over a three year period, the Serie A giants are losing tens of millions per year.
Milan spent more than £175million (€200m) on new players last year as questions were raised over the financial stability of the Chinese-led consortium that purchased the club from Silvio Berlusconi for £600m in April 2017.
The UEFA released a statement explaining the ban on Rossoneri from the European competition. The statement said, “The club is excluded from participating in the next UEFA club competition for which it would otherwise qualify in the next two (2) seasons (i.e. one competition in 2018/19 or 2019/20, subject to qualification).” However, the club has the right to appeal the decision at the Court of Arbitration for Sport.
AC Milan released a video on Twitter saying that they expect a fair ruling based on facts and rules equal for all. Further, the statement said that the club is willing to pay for the errors made in the past and have the utmost respect for the rules, at the same time they expect equality.
The Italian giants participated in the previous season of Europa League (2017-18) after three years and reached till round of 16 before getting knocked out by Arsenal. They have automatically qualified for the same this season by finishing sixth in the Serie A League.
The punishment could increase speculation over the futures of goalkeeper Gianluigi Donnarumma and defender Leonardo Bonucci, who have consistently been linked with top European clubs.
If CAS rejects AC Milan appeal, Atalanta will qualify for the Europa League and Fiorentina will be playing the qualifiers.