The Investigatory Chamber of UEFA Club Financial Control Body (CFCB) elected to refer the Rossoneri to the Adjudicatory Chamber of the CFCB for breaching the Financial Fair Play regulations, specifically with the break-even requirement; this after coming to a conclusion that the club held uncertainties with regards to refinancing of the Elliott Management loan to be paid this upcoming October.
Translation: Milan could be in some trouble.
While we await a final ruling next month that could ultimately decide whether or not the Italian outfit can carry out their initial summer transfer strategy, among other things, many fans are now on edge about what the future holds for their beloved red and black moving forward.
CEO Marco Fassone admitted he was “surprised” and “very disappointed” by UEFA’s ruling to reject their Settlement Agreement, which could have major repercussions. But the fact is there were plenty of fans, football outsiders observing from a neutral point of view included, and Roma owner James Pallotta who saw the writing on the wall from the beginning while last summer’s spending spree transpired.
It’s not as if the warning signs weren’t there. We’ve reached a point where sticking our heads in the sand and pretending everything is fine just isn’t going to work anymore.
As things stand, it’s likely Fassone, sporting director Massimiliano Mirabelli and Coach Gennaro Gattuso will be forced to put their transfer plans on hold for the time being and will be frozen out from making any real moves as they await the verdict. But the bigger, more important question that has been posed is: what does the future hold for Milan?
Beyond a possible exclusion from the 2018-19 Europa League, transfer ban for this summer or a fine is determining the state of the club under the current Chinese consortium headed by Li Yonghong. Many believe Li does not hold the financial strength needed to sustain a project into the future, nor does he have the money to keep this club financially healthy and stable. At this point, most fans would agree that perhaps new ownership would be in the best interests of the club’s future.
It is presumed that Milan will face some sort of sanction, to which extent is yet to be determined. Supporters aren’t quite sure what punishment Milan will face, or what effect the impending ruling will have on the make-up of the current roster, which many believe isn’t all that far off from competing for Champions League football with legitimate hopes.
However, you wonder if the club will see some of its top players like Gianluigi Donnarumma or Suso head for higher ground in the event the ruling is severe, or even more serious, have to go through the process of once again transferring ownership altogether. In any case, the hope in the Milan camp is the sentence will be minimal and won’t be detrimental to the club’s objectives for year two of this project.
While there is still the possibility that Milan will escape relatively unscathed with a slap on the wrist, fans must be wary of a worst case scenario that would hinder their growth in the grander scheme of things as both a brand and football club.