Italian Serie A football club AC Milan is facing further sanctions from Uefa, the sport’s European governing body, after failing to comply with the break-even requirement during the current monitoring period assessed during the 2018-19 season.
As a result, the Uefa Club Financial Control Body (CFCB) investigatory chamber has signalled its intention to refer the club to the CFCB adjudicatory chamber. The decision covers the reporting periods ending in 2016, 2017 and 2018.
The referral is separate to the decision that was made by the CFCB adjudicatory chamber in December, which concerned the previous monitoring period and was covering the reporting periods ending in 2015, 2016 and 2017.
That decision ruled that, should the club not be break-even compliant by June 30, 2021, it will be excluded from participating in the next Uefa club competition for which it would qualify in the 2022-23 and 2023-24 seasons.
The December ruling also stated that AC Milan would have €12m ($13.5m) of its Uefa revenues from this season’s Europa League withheld, and would not be permitted to register more than 21 players for participation in Uefa competitions for the next two seasons. That decision is currently subject to an appeal at the Court of Arbitration for Sport (CAS).
The club was initially barred from entering this season’s Europa League but was eventually reinstated by CAS, which asked Uefa’s club finance panel to hand down an alternative punishment.