AC Milan have been banned from next season's Europa League competition by UEFA following an investigation of the club's finances.
The governing body had been looking into whether the Italian club had complied with the Financial Fair Play (FFP) regulations, in particular, the break-even requirement.
On Wednesday, a UEFA statement read: "The club is excluded from participating in the next UEFA club competition for which it would otherwise qualify."
Milan, who finished sixth in Serie A last season, qualified for next season's Europa League and so the ban will stop them from playing in that competition.
The Italian club has the right to appeal the decision to the Court of Arbitration for Sport in Lausanne, Switzerland.
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Atlanta are in the wrong continent for the Europa League
Milan spent 170m when they weren't even in Europe.
However i believe PSG have to sell something like 60m of players in the next few weeks otherwise they're in FFP trouble too
They are ineligible to qualify for the 2019/2020 season.
So its a 2 year ban from European Competitions
i remember when that Chinese bloke first came in and bought the club some suggested this could be the turnaround to make them the giants of Italian football once more. what I didn't realise is where he was getting some of the money from to pay the debts. he just loaned it of some American hedge fund on high interest with no idea how to pay it all back whilst keeping the club running.
Now he's desperate to sell some or all of the club.
two different American consortiums are in negotiations but as we know these talks seem to be taking some time. meanwhile they are offloading some of their more talented players at reduced rates.
In any event, the three-man panel (one German, one Swiss and one English) only partially upheld the appeal. The matter goes back to UEFA to hand down a "more proportionate" penalty. The actual breach stands.
Meanwhile I see that AC Milan are now wholly owned by Elliott Advisors (UK) Ltd. A firm that specialises in buying up distressed businesses and turning them round. AKA a vulture fund. FCA regulated and made a £11k donation to the Conservative Party last year.
I know I'm in the minority but I don't see the point in it. It's a business, they should be allowed to spend whatever they want. If they can't afford it and go broke, tough. Otherwise, as long as they are operating within the laws of the land, I don't see that it's a matter for the football "authorities" at all.