Italian Serie A giants AC Milan have been banned from European competitions for one season after a breach of Financial Fair Play regulations.
The seven-time European champions finished sixth at the end of the Serie A season last season to book a spot in the UEFA Europa League (UEL).
However, the San Siro outfit won’t be able to feature as a result of the ban though the club can take the case to the Court of Arbitration for Sport (CAS).
The ban was conveyed in a UEFA statement which read that: “The Adjudicatory Chamber of the Club Financial Control Body (CFCB), chaired by Jose Narciso da Cunha Rodrigues, 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 (2) 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, in accordance with Article 34(2) of the Procedural rules governing the UEFA Club Financial Control Body, as well as Articles 62 and 63 of the UEFA Statutes.
“Atalanta will qualify straight to the group phase. Fiorentina will enter the preliminary round.” The statement added.
- / 19 hours ago
Segun Toriola and Ajoke Ojomu yesterday emerged champions in the men and women’s table...
- / 21 hours ago
“Nigerians are not good in fighting for something but they are good in celebrating...
- / 21 hours ago
Nine players will represent Nigeria at the Africa Schools Badminton Championship, scheduled to hold...
- / 22 hours ago
“It was by the grace of God and also in me believing in my...