This news comes as a shock as the Italian Giants has had a relatively successful season this year. Although, they have been banned from participating in the next season as allegations regarding Financial Fair Play regulations being breached by the team. The news is followed after the announcement that AC Milan has qualified to participate in the Europa League after their impressive finish from Serie A.
The UEFA has made an official claim which states that the league, who after spending nearly £200m on player transfers during the previous summer, has breached the rules that require the club to break even. Despite the claims and the punishment, the league has stated that they are making plans to appeal this claim to the Court of Arbitration for Sport to hopefully be allowed to play in the upcoming season as they originally had planned. According to a twitter update by the official club – has alluded that the running by UEFA was not completely fair nor based on all of the facts.
Another official statement from AC Milan stated that they are ready to be redeemed from the previous errors that they made by paying the consequences, although, despite having respect for the rules and regulations, the team still expects that they should be treated with the same level of equality. On Wednesday, the club did release their legal team to review the case, appeal it, and ask for a prompt response from the court.
What Were the Sanctions that AC Milan had?
AC Milan has a unique history as the club was initially owned by Silvio Berlusconi, an Italian Prime Minister until 1986 where it was then sold to a Chinese association for a whopping 740 million euros in the summer of 2017. Since then, the club was recorded going on an unusual spending spree to bring in the best players the club though was needed to ensure success. Starting off with Leonardo Bonucci along with Andre Silva – thus creating history as it was the first time in 16 years that the club willing broke the £30m cap for transferring players.
The issue began to arise as the UEFA stated that there were still remaining uncertainties that has been investigating the finances of the club. The origin of these doubts was formed from the suspicions of not being able to refinance a loan that is expected to be paid back in October of 2018. Which causes concern as the financial fair play rules were created to avoid any of the clubs from creating an unpayable debt which can be punished if the team if proven that they are spending more than they are bringing in.
AC Milan Reaction
The figureheads of the club have stated the spending was done in order to create a new and renovated squad that will improve their chances. Although, the investment to bring in younger players does come as the cost as the first team’s salaries before the transfers were rated to be around less than 60%. Milan has also mentioned that the investments are going towards more than just finding younger players. Instead, some of the investments have gone towards the training groups as it is planned to host a women’s team in the upcoming season. The club finished by stating that these invests are necessary as they will improve Milan’s impact in the football world.