It appears AC Milan are ready to take UEFA to the Court of Arbitration (CAS) for a second time after being handed new Financial Fair Play penalties on Friday.
The Rossoneri had their sentence pushed back from Thursday to avoid conflicting with their Europa League clash against Olympiacos – a contest they lost 3-1, thus eliminating them from the competition.
Those sanctions have since been handed down, and Milan have been told to break even by 2021 or have their European ban restored. They will also have €12 million withheld from their Europa League revenue this season, along with having their UEFA squads reduced to 21 players for the next two seasons.
“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,” read a statement from the CFCB Adjudicatory Chamber.
“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.”
Sky Sport Italia reports Milan are ready to lodge a second appeal, after their first attempt was accepted.
Initially the Rossoneri were barred from Europe amid questions over owner Li Yonghong.
An appeal to CAS and the sale of the club to Elliot Management proved decisive, though the issue was then referred back to UEFA which resulted in Friday’s sanctions.
Source: forzaitalianfootball.com