It seems that Financial Fair Play and AC Milan get mentioned in the same breath every few weeks, so it is important to clarify the current situation.
MilanNews report that there was a meeting scheduled between UEFA and Milan over the summer to discuss FFP but it was postponed over time due to the pandemic. It will most likely be rescheduled for April, and during the talks the Rossoneri leadership will show European football’s governing body that they are on a virtuous path.
They can show a progressive reduction of the imbalance between costs and revenues, with one rising as the other falls, and that the club has gone a long way since being excluded from the Europa League for the 2019-20 season after the economic sins that mainly came from the previous management.
The consolidation of accounts has been the mission of Elliott Management while CEO Ivan Gazidis always been in constant contact with UEFA and the Club Financial Control Body which is the body responsible for controlling the economic stability of the clubs.
What filters from the UEFA headquarters in Nyon is appreciation for the efforts made by Milan in a difficult period like the one during the pandemic, where the cut in expenses was clear and well structured and revenues have begun to rise.
UEFA have notified Milan to begin preparing the documents for the new survey within the parameters of the FFP, and the club’s leaders are aware that the Settlement Agreement will be discussed in the meeting in April.
Milan will demonstrate to UEFA that they have respected what has been agreed, but the club will not be immune from restrictions by UEFA, because the rules provide that if you are not around break even, there will be punishment.
The sanctions could affect the composition of the squad list for UEFA competitions (regarding number of spots) up to a fine, but until that meeting we will not know.