UEFA’s reasoning for excluding Milan for Europe repeatedly used the term ‘credibility’ with regards to Yonghong Li, according to a leaked report.
The Rossoneri were punished for violating Financial Fair Play parameters and consequently excluded from the Europa League for the 2018-19 season.
Their full reasoning will only be released later, but according to La Gazzetta dello Sport, it includes a 30-page document outlining the issues UEFA had with their FFP business plan.
UEFA’s reasoning for excluding Milan for Europe repeatedly used the term ‘credibility’ with regards to Yonghong Li, according to a leaked report.
The Rossoneri were punished for violating Financial Fair Play parameters and consequently excluded from the Europa League for the 2018-19 season.
Their full reasoning will only be released later, but according to La Gazzetta dello Sport, it includes a 30-page document outlining the issues UEFA had with their FFP business plan.
Most of it is believed to focus on the lack of ‘credibility’ around the plan, owner Yonghong Li and his €303m loan that must be repaid to US hedge fund Elliott Management by October 2018.
There are serious doubts also over the presented huge revenues from Chinese sponsorships and partnerships that have not materialised.
It is believed UEFA are going through the report with a fine tooth comb to ensure Milan’s appeal to the Court of Arbitration for Sport (CAS) has little chance of success.