Milan’s punishment for breaching UEFA Financial Fair Play rules will be revealed on Monday, with a Europa League ban and €30m fine appearing likely.
The San Siro club look set to pay the price for their financial mismanagement under President Yonghong Li, who bought the club from Silvio Berlusconi last year.
Under Coach Gennaro Gattuso, Milan finished the Serie A season in sixth place, earning what they thought was a passage into the 2018-19 Europa League.
Milan’s punishment for breaching UEFA Financial Fair Play rules will be revealed on Monday, with a Europa League ban and €30m fine appearing likely.
The San Siro club look set to pay the price for their financial mismanagement under President Yonghong Li, who bought the club from Silvio Berlusconi last year.
Under Coach Gennaro Gattuso, Milan finished the Serie A season in sixth place, earning what they thought was a passage into the 2018-19 Europa League.
However, that now appears highly unlikely, with the club having failed to reassure European football’s governing bodies over their ‘uncertainties.’
As well as the expected Europa League exclusion, Gazzetta dello Sport also believes Milan will be forced to pay a fine of €30m.
The Rossoneri are currently embroiled in an ownership saga which looks likely to end with the club being taken over by American group Elliott Management.
The viability of Li’s investment in the club has repeatedly come under scrutiny since he bought the Diavolo last year.
Yesterday, the Chinese businessman missed a deadline where he was required to provide €32m in order to secure a capital increase. His position at the club now looks untenable.