It’s reported Milan have been told that their Financial Fair Play punishment will be a €30m fine and a one-year ban from European competition.
An official judgement from UEFA is expected this afternoon, but Premium Sport believes the Rossoneri have already been informed of their punishment.
They will be denied entry to this season’s Europa League, as well as being fined €30m for breaching FFP laws.
It’s reported Milan have been told that their Financial Fair Play punishment will be a €30m fine and a one-year ban from European competition.
An official judgement from UEFA is expected this afternoon, but Premium Sport believes the Rossoneri have already been informed of their punishment.
They will be denied entry to this season’s Europa League, as well as being fined €30m for breaching FFP laws.
In addition, the outlet confirms that talks with Rocco Commisso for a takeover have collapsed, as current owner Yonghong Li has found the €32m to repay Elliott Management for this month's capital increase and hold on to the club.
That may not be good news for the club though, as part of the reason such a heavy FFP sanction is likely to be imposed is doubts over Li.
Premium Sport believes Commisso would have appeared at the Court of Arbitration for Sport for the appeal, but without a new owner that is less likely to be successful.