Milan have been excluded from the Europa League, which will cost them around €20m, but it’s not necessarily all bad news.
UEFA finally announced its verdict today, excluding the Rossoneri from European competition for one season for Financial Fair Play violations.
There was expected to be a fine of up to €30m too, but that does not seem to have materialised.
Milan have been excluded from the Europa League, which will cost them around €20m, but it’s not necessarily all bad news.
UEFA finally announced its verdict today, excluding the Rossoneri from European competition for one season for Financial Fair Play violations.
There was expected to be a fine of up to €30m too, but that does not seem to have materialised.
It’s a blow for the historic club, but not necessarily too financially damaging for them in the long-run.
Panorama in Italy crunched the numbers and found that failure to participate in the Europa League will mean around €20m not coming in through various bonuses, TV rights, ticket sales and sponsorship deals.
If Milan had been excluded from the Champions League, the blow would’ve been much, much harder to deal with.
In fact, a FIGC study in Report Calcio 2018 found that over the last five years, clubs that failed to enter the Europa League a year after qualifying actually had a positive impact on their financial status.
If anything, from 2012 to 2017, sides missing the Europa League ended up being €15m better off at the close of the financial year.
Nonetheless, Milan will appeal the decision in the Court of Arbitration for Sport (CAS) over the next 10 days.
Until that verdict is in, Atalanta and Fiorentina must wait to see which stage of the tournament they will be participating in.