AC Milan’s Financial Fair Play position has improved in the eyes of the UEFA to the extent that they will not be affected by the latest lot of sanctions.
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The Times reported earlier today that UEFA are preparing to announce sanctions in the coming month for 10 clubs who have breached FFP rules up to 2020-21. Juventus, PSG, Marseille, Inter and Roma are involved and while fines are expected for PSG and Marseille, transfer restrictions could be imposed on Inter and Roma.
UEFA will issue sanctions for 20 European clubs for violating the rules of Financial Fair Play : Milan is not among these . According to reports from the English newspaper The Times , Juventus, Inter and Roma are involved in Italy.
As PianetaMilan recalls, Milan was one of the clubs most affected in the early years of the implementation of Financial Fair Play, also having to renounce participation in the Europa League in 2018-19 for not respecting the required criteria.
However, things have now changed for the better. Under current UEFA rules, a team can only have €30m in losses over a three-year but that is restricted to the men’s first team, i.e. not including youth spending and on the women’s team.
Under Elliott Management Milan have drastically improved their balance sheet, going from a loss of €194m in June 2020 to €96m as of June 2021. The club are therefore closing in on the €30m loss target and expect to be closer to it again this year.
Milan are one step away from re-entering the parameters of UEFA Financial Fair Play with the positive recovery trend evident, and the club have also made it aware that being excluded from the 2018-19 Europa League was due to an economic-debt situation that was inherited from the old owners.
This is why Milan are expecting at most a fine from UEFA, so Elliott Management will hand over to RedBird Capital and Gerry Cardinale a club that is in much better health than even two years ago.
