Serie A giants AC Milan to be banned from Europa League next season for violating FFP rules, claims report
UEFA announced that AC Milan had failed to convince officials they are financially sound and referred the case to its financial control unit to recommend an appropriate punishment.
Milan: European football's top financial investigators have recommended excluding Chinese-owned AC Milan from the Europa League next season for violating rules that limit spending, the New York Times reported on Friday.
According to the US daily newspaper, "two people involved in the process" have confirmed that UEFA investigators have recommended Milan be excluded from European competition for violating Financial Fair Play rules.
UEFA announced last week that the seven-time European champions had failed to convince officials they are financially sound and referred the case to the adjudicatory chamber of its financial control unit to recommend an appropriate punishment.
A decision is expected next week and according to the New York Times, investigators "have recommended excluding .. AC Milan from continental competition".
UEFA are concerned over AC Milan's stability after it was purchased by Chinese businessman Li Yonghong from Silvio Berlusconi for €740 million in April last year.
The club also spent more than 200 million euros on new players in the summer and have a massive high-interest loan of €300 million from US hedge fund Elliott Management.
Milan finished sixth in the Serie A last season and qualified for the second-tier Europa League for a second consecutive season missing out on the money-spinning Champions League.
If Milan were excluded they would become the highest-profile club banished from Europe, following Spanish club Malaga, Red Star Belgrade and Turkey's Galatasaray who were banned for a year in the past for failing to meet financial criteria.
European Super League: Arsenal, Tottenham Hotspur fans in rare agreement in condemning breakaway league
Arsenal and Tottenham Hotspur fans enjoy a fierce rivalry but the announcement of the European Super League achieved the rare feat of uniting them virtually as one in condemning it.
European Super League: Chelsea preparing to ask out of breakaway league after backlash from other clubs, fans
Chelsea were preparing documents to tell the Super League they want out of the 12-team plan, a person with knowledge of the decision said.
European Super League: German football federation calls for 12 founding clubs of breakaway league to be barred
"The clubs and their junior teams should be excluded from all competitions, until they have a second thought for their many supporters who made them into the giants of world football, and not just think of their wallets," DFB president Fritz Keller said.