By UEFA Bans AC Milan For 2 Seasons Over £170m Spending
The European Football Governing body, UEFA has suspended AC Milan for two seasons after the club was found guilty of charges levelled against them.
It was learnt that the ban may not be unconnected to the club’s last summer spending which cost the club about £170,000,000 after the new owners took over in 2016.
According to a statement released by UEFA, the Italian club was banned from taking part in any European competition for two seasons, ruling them out of Champions League and Europa League for 2018/19 and 2019/20.
Checks by BlackBox Nigeria confirms that AC Milan, who had qualified for 2018/19 Europa League after finishing 6th on Serie A table last season have forfeited the slot and will also suffer same fate, even if they qualify for the subsequent one.
The UEFA statement reads in part, “The Adjudicatory Chamber of the Club Financial Control Body (CFCB), chaired by José Narciso da Cunha Rodrigues, has taken a decision in the case of the club AC Milan that had been referred to it by the CFCB Chief Investigator for the breach of the UEFA Club Licensing and Financial Fair Play Regulations, in particular the break-even requirement.
“The club is excluded from participating in the next UEFA club competition for which it would otherwise qualify in the next two (2) seasons (i.e. one competition in 2018/19 or 2019/20, subject to qualification).
“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 full reasoned decision will be published on UEFA.com in due course.”
