UEFA has told Milan to break even by 2021 or have their European ban restored.
However, the CFCB Adjudicatory Chamber added in a statement that €12m of Milan’s Europa League revenue for this season had been withheld, while they could not register more than 21 players in their UEFA squads for the next two campaigns.
UEFA has told Milan to break even by 2021 or have their European ban restored.
However, the CFCB Adjudicatory Chamber added in a statement that €12m of Milan’s Europa League revenue for this season had been withheld, while they could not register more than 21 players in their UEFA squads for the next two campaigns.
The statement read: “The Adjudicatory Chamber of the Club Financial Control Body (CFCB) has taken a decision in the case of the club AC Milan following the decision of the Court of Arbitration for Sport (CAS) panel in CAS 2018/A/5808 AC Milan v. UEFA to refer the matter to the CFCB for the imposition of a proportionate disciplinary measure for the club’s breach of the UEFA Club Licensing and Financial Fair Play Regulations, in particular the break-even requirement.
“Accordingly, should the club not be break-even compliant at 30 June 2021, it will be excluded from participating in the next UEFA club competition for which it would otherwise qualify, in the two seasons 2022/23 and 2023/24. The club will also have EUR 12 million of its UEFA revenues from the 2018/19 UEFA Europa League withheld and will not be permitted to register more than 21 players for participation in UEFA competitions in the 2019/20 and 2020/21 seasons.
“This decision may be appealed to the Court of Arbitration for Sport, in accordance with Article 34(2) of the Procedural rules governing the UEFA Club Financial Control Body, as well as Articles 62 and 63 of the UEFA Statutes.”
The Rossoneri were first refused a voluntary agreement and a settlement agreement, before being barred from the Europa League for Financial Fair Play (FFP) breaches, as well as doubts over then-owner Li Yonghong.
The club then appealed to the Court of Arbitration for Sport (CAS), and their change of ownership whereby Elliott Management took over from Li proved decisive.
However, the case was referred back to UEFA’s Club Financial Control Body to impose a new sanction, leading to Friday’s verdict.