Milan are expected to receive their Financial Fair Play verdict from UEFA and see Rocco Commisso take over from Yonghong Li tomorrow.
The club was denied both a voluntary and settlement agreement due to irregularities in their FFP presentation and concerns over the stability of owner Yonghong Li.
According to financial newspaper Il Sole 24 Ore, the verdict will be handed down on Wednesday.
Milan are expected to receive their Financial Fair Play verdict from UEFA and see Rocco Commisso take over from Yonghong Li tomorrow.
The club was denied both a voluntary and settlement agreement due to irregularities in their FFP presentation and concerns over the stability of owner Yonghong Li.
According to financial newspaper Il Sole 24 Ore, the verdict will be handed down on Wednesday.
It had been expected on Monday, then today, but the delays are so UEFA can have their lawyers look through the wording with a fine-tooth comb to avoid inevitable Milan legal appeals.
Although some had reported a two-year ban from European competition, the latest suggestions are that it’ll be one year out of UEFA tournaments.
That means Atalanta will move up from their preliminary round spot to the Europa League group stage in Milan’s place, while Fiorentina could take the play-off ticket.
Curiously, Wednesday could also see Milan announce Yonghong Li selling the majority of his shares in the club to American business magnate Commisso.
The current patron should remain with 15-20 per cent of the club, although Il Sole 24 Ore maintains it could be closer to 20-30 per cent remaining in Yonghong Li’s hands.