NYON/MILAN: Former world, European and Italian champions AC Milan are back in trouble with European federation UEFA over financial fair play writes KEIR RADNEDGE.
UEFA has referred the Rossoneri back to the investigatory chamber of its club financial control body over the fallen Italian giants’ accounts for the 2017-18 season.
The club has already resisted, at the Court of Arbitration for Sport, disciplinary action sought by UEFA last year over the club’s 2014-17 figures.
A UEFA statement said:
UEFA’s new concerns focus on the 2015-18 seasons in which it claims that the club did not adhere to an agreed break-even budget.
The balance sheet from July 1, 2017, to June 30, 2018, was the only one under the ownership of Milan’s former Chinese owner Li Yonghong and registered a loss of €126m. This was accepted on last October 25 by the club’s new owner , the US fund Elliott, which had taken over in July.