Milan’s hopes of appealing UEFA’s decision to exclude them from European competition are hit hard by Yonghong Li’s refusal to sell the club to Rocco Commisso.
Today the Financial Fair Play violations verdict was finally handed down, with the club excluded from UEFA competition (in this case the Europa League) for one year.
Milan’s hopes of appealing UEFA’s decision to exclude them from European competition are hit hard by Yonghong Li’s refusal to sell the club to Rocco Commisso.
Today the Financial Fair Play violations verdict was finally handed down, with the club excluded from UEFA competition (in this case the Europa League) for one year.
“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.”
According to various sources including Sky Sport Italia and Mediaset Premium, the presence of a new buyer would’ve given Milan genuine hope of a successful appeal to the CAS.
However, last night in a shock turnaround, Yonghong Li changed the terms of the negotiations with US billionaire Rocco Commisso.
He went from being prepared to keep 15-20 per cent of the club to demanding at least 25-30 per cent and this infuriated Commisso.
Mediaset Premium even claim Commisso had been preparing his part in the CAS appeal, attending in person to give guarantees over the future of Milan.
Instead, it’s now reported Commisso is ready to wait only a few days before walking away from the negotiations and will try to buy a different Italian club.
Options in trouble include Palermo, who are still in Serie B.