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More FFP Issues For AC Milan

UEFA has announced that AC Milan has been referred to its CFCB Adjudicatory Chamber for more Financial Fair Play violations.

A statement released by UEFA on Wednesday confirmed Milan had failed to comply with FFP last season, as well as the three before it.

“The UEFA Club Financial Control Body (CFCB) investigatory chamber has today communicated its decision to refer the case of AC Milan (Italy) to the CFC adjudicatory chamber as the club has failed to comply with the break-even requirement during the monitoring period assessed in the current season and covering the 2015-16, 2016-17 and 2017-18 seasons.

“UEFA will be making no further comments on the matter until a decision has been reache by the CFCB adjudicatory chamber in this case.

“This referral is not related to the decision that was made by the CFCB adjudicatory in December 2018 and was covering the 2014-15, 2015-16 and 2016-17 seasons.”

ANSA reports that Milan ‘knew’ an investigation would get under way and ‘expected’ the development as it was considered ‘an obligatory formal step’.

Furthermore, the agency points out the violations came before Elliott Management officially took control of the club last July.

With that in mind, Elliott would be ‘committed’ to following the steps needed to bring the Rossoneri in line with FFP regulations.