AC Milan must break even by June 2021 or face being banned from European competition for two years under Financial Fair Play rules, UEFA has announced.
The decision from the European governing body’s adjudicatory chamber comes after Milan successfully appealed against a two-year ban being immediately imposed this summer, with the Court of Arbitration for Sport referring the matter back to UEFA to impose a ‘proportionate disciplinary measure’ in July.
Milan had been found to be in breach of the break-even requirements of the Financial Fair Play regulations, and Friday’s ruling leaves the club at risk of sitting out European competition in 2022-23 and 2023-24 should they qualify.
The ruling comes just a day after which saw the seven-time European champions knocked out of the Europa League by Olympiacos.
A statement on the UEFA website read:
‘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.
‘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 €12million 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.’