The Adjudicatory Chamber of the Club Financial Control Body (CFCB) has decided to ban AC Milan from Europe.
After a long wait, the Rossoneri today learned the decision of the Adjudicatory Chamber of the CFCB, to which the club was referred by UEFA a month ago ‘for breach of the FFP regulations, in particular the break-even requirement.’
UEFA made their statement public earlier today, but it’s written in a confusing way and so initially it was thought that Milan have been excluded from Europe for two years; instead, it’s only for one competition, so the Diavolo are ruled out of the 2018/19 Europa League but may qualify for the 2019/20 EL or Champions League. The statement reads:
“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.”
Milan now have 10 days to appeal the decision of the Chamber. It is thought that their chances of overturning it are low, but this may change if Yonghong Li manages to find an agreement on the sale of the club.
In the last days, Rocco B. Commisso, the owners of the New York Cosmos, was in the lead, but negotiations seem to have stopped in the last 24 hours as Yonghong Li changed the terms of the deal for the second time in a week and Commisso is said to be furious.
This is yet another blow for the Diavolo, after getting rejected for the Voluntary Agreement and then the Settlement Agreement. UEFA seem to want to make an example out of the 7-times European Champions.