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:

The UEFA Club Financial Control Body (CFCB) investigatory chamber has today communicated its decision to refer the case of AC Milan (Italy) to the CFCB adjudicatory chamber as the club has failed to comply with the break-even requirement during the current monitoring period assessed in the 2018/19 season and covering the reporting periods ending in 2016, 2017 and 2018.
UEFA will be making no further comments on the matter until a decision has been reached by the CFCB adjudicatory chamber in this case.
This referral is not related to the decision that was made by the CFCB adjudicatory chamber in December 2018 concerning the previous monitoring period and was covering the reporting periods ending in 2015, 2016 and 2017. That decision is currently subject to an appeal at CAS.

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.