UEFA have confirmed that AC Milan will be barred from taking place in any European competition for the next two years after the club was found guilty of both club licensing and FFP regulation breaches.
That means that the Rossoneri won’t be able to take part in either the Europa League or the Champions League until the 2020/21 season at the earliest.
A statement issued by UEFA reads:
The Adjudicatory Chamber of the Club Financial Control Body (CFCB) … 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 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.
The full reasoned decision will be published on UEFA.com in due course.
Milan finished sixth in Serie A last season but are unlikely to compete in the Europa League, assuming they don’t come up with one holy hell of an appeal case.
UEFA are known to be concerned over the club’s stability, especially since Chinese businessman Li Yonghong bought Silvio Berlusconi out last April.
Oh how the mighty, etc, etc…