UEFA officially confirmed on Wednesday that they have suspended their ruling against AC Milan for Financial Fair Play breaches.
Via a statement, European football’s governing body announced that they will wait for the outcome of the appeal that the Rossoneri presented to the Court of Arbitration for Sport in Lausanne.
Milan launched their appeal shortly before Christmas against the penalties given for the three-year period of 2014-17, citing that the previous ownership was liable for all of the breaches.
The penalties that Milan are appealing are as follows: a €12million fine, restriction of the squad that can be registered in European competitions and, above all, the necessity to break-even at the end of the 2020/21 season.
It is the last condition which the club consider to be almost impossible and they are ready to ask for more time to get the books balanced
They are likely to cite that fact that current owners Elliott Management took over the club in a disastrous financial situation and that they aware it will take work to get back to break-even, but they are thoroughly determined to get there.
Now the wait for the next CAS ruling has begun and then the arbitration chamber will rule on the next three-year period: namely 2016-18.
The situation is a complicated one and once resolved, Milan will have to embark on a path that falls within FFP parameters, something Ivan Gazidis has shown a willingness to do.
Thee is a possibility UEFA could decide to give a single penalty on the two proceedings (both three-year period) while the idea of Milan accepting exclusion from the Europa League has been mentioned as a possible bargaining tool in talks.