UEFA charges AC Milan over FFP-breaches once again
10 April 2019
UEFA has charged AC Milan after the club failed to break even over a three-year period.
This is not the first rules breach for the Italian powerhouse, who are currently fighting an appeal case at CAS for breaking FFP.
With Gennaro Gattuso at the wheel, AC Milan of Italy are fighting for a spot in next season’s Champions League, but off the pitch they are struggling to keep up with the Financial Fair Play (FFP) regulations. The UEFA Club Financial Control Body (CFCB) has once again charged AC Milan after the club’s financial records revealed a failure to break even.
The CFCB investigatory chamber on Wednesday communicated its decision to refer AC Milan to the CFCB adjudicatory chamber, UEFA wrote in a short statement.
The former Italian powerhouse have failed to break even – as they are required to do over a three-year period – during the monitoring period assessed in the current 2018/19 season covering the reporting periods ending in 2016, 2017 and 2018.
Known territory for AC Milan
It has been just four months since the last time AC Milan were in trouble with the CFCB.
The club also failed to break even in the reporting periods 2015, 2016 and 2017, and in December UEFA’s financial control body ruled that AC Milan would be excluded from UEFA club competitions in the two seasons 2022/23 and 2023/24 if they were not break-even compliant as at 30 June 2021.
On top of that, UEFA will also withhold Milan’s €12 million revenue from 2018/19 Europa League and they will not be permitted to register more than 21 players in UEFA competitions in 2019/20 and 2020/21 – a decision AC Milan has appealed to the Court of Arbitration for Sport (CAS).
The new referral is not related to the decision made in December and UEFA will not comment further on the latest matter until a decision has been made.