Milan are said to be “moderately optimistic” after a three-hour meeting with UEFA to present their Financial Fair Play proposal.
CEO Marco Fassone was in Nyon today and became the first European club to apply for a voluntary agreement to extend FFP responsibilities over four years, as the side was just recently taken over by Chinese investors.
According to news agency ANSA, the meeting lasted three hours and Fassone emerged “moderately optimistic” from the debate.
Milan are said to be “moderately optimistic” after a three-hour meeting with UEFA to present their Financial Fair Play proposal.
CEO Marco Fassone was in Nyon today and became the first European club to apply for a voluntary agreement to extend FFP responsibilities over four years, as the side was just recently taken over by Chinese investors.
According to news agency ANSA, the meeting lasted three hours and Fassone emerged “moderately optimistic” from the debate.
A decision is expected over the next few weeks and will certainly be in before Christmas.
It’s suggested UEFA appreciated the “climate of transparency and level of depth” the paperwork went into for the business plan.
If accepted, the agreement would allow Milan to forego FFP limitations if they can balance the books by the end of 2021.
If UEFA do not sign off on a voluntary agreement, then Milan could apply again in January 2018 or face economic sanctions and limitations on the size of their squad in European competition.
This is the approach that has already been used with Inter and Roma in the past.
Sky Sport Italia note that if UEFA are unconvinced by the plan entirely, they could in theory block Milan from buying any new players in the summer of 2018, but that is highly unlikely.