International

UEFA suspend proceedings against AC Milan over financial breaches

2019-06-05 19:38
AC Milan

Milan - UEFA on Wednesday suspended proceedings against AC Milan over Financial Fair Play breaches pending the resolution of an ongoing appeal to the Court of Arbitration for Sport from last year.

The former European giants, who have qualified for the Europa League next season, will not be excluded from continental competition, although that could change depending on the verdict.

"The suspension of the proceedings will remain in place until after the issuance of the award in the ongoing CAS case," UEFA said in a statement.

"The UEFA Club Financial Control Body (CFCB) Adjudicatory Chamber has issued a procedural order suspending the proceedings against AC Milan regarding its failure 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."

Faced with mounting debts and threatened with UEFA sanctions for breaking financial regulations, AC Milan are adopting spending curbs.

Coach Gennaro Gattuso stepped down last week after the club failed to qualify for the Champions League, finishing one point behind Inter Milan in the battle for the fourth and final qualifying spot.

Read more on:    ac milan  |  uefa  |  soccer

 

Read News24’s Comments Policy

 
 
Men
Women
Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2018/19 Absa Premiership season is in full swing. Will Mamelodi Sundowns retain their title? Or can one of Kaizer Chiefs, Orlando Pirates, Wits, SuperSport United - or another team perhaps - snatch glory from the Brazilians? Be sure to visit Sport24 for all the latest news!

Latest blogs
Vote

How far will Bafana Bafana progress in this year’s AFCON tournament?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.