UEFA has officially denied AC Milan a settlement agreement under Financial Fair Play, citing uncertainties over the club’s ability to refinance debt and repay loans
Milan’s club finances will now be investigated in-depth and there will be a disciplinary hearing in June, with potentially serious repercussions for the club.
Possible punishments could include a fine, deduction of points, prohibition or restriction on registering new players, or expulsion from continental competition.
“The Investigatory Chamber of the UEFA Club Financial Control Body has decided to refer Italian club AC Milan to the Adjudicatory Chamber of the CFCB for breach of the Financial Fair Play regulations, in particular, the break-even requirement,” UEFA’s official statement read.
“The CFCB Investigatory Chamber will further communicate in June its other decisions in relation to the monitoring of the clubs under investigation or under settlement agreement.”