NEWS
Friday August 11 2017
‘No UEFA issues with Milan’

One of the brains behind Financial Fair Play has assured that there are “no problems” between UEFA and Milan.

Speaking to La Repubblica on Friday, economist Umberto Lago – known for being one of FFP’s founding fathers – confirmed Milan would be free of any sanctions or restrictions for the first season of their new ownership but reminded the Rossoneri of their responsibilities going forward.

“Voluntary agreement? There were no problems,” he explained.

“Due to the time it took the new owners to complete their takeover, the timespan for UEFA’s analysis was tight.

“That dossier will be resubmitted once the transfer window is shut, at a more appropriate time.

“Milan will then have to prove the viability of their business plan for the next four seasons, but they are free [of sanctions] for this first season and their transfer campaign can go ahead without any restrictions.

“In order to avoid financial or sporting sanctions, Milan must balance their books in four years, while increasing revenues.

“The plan could include objectives: if they increase their salaries more than ’XYZ’, they’ll be punished, but the costs for the Champions League fall within those who are investing.

“UEFA has the right to ask who their owners or beneficiaries ultimately are, but I think it’s already been clarified by the FIGC.”

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