AC Milan Could Face Ban From European Competition As UEFA Investigates Spending
UEFA is reportedly "taking a closer look into AC Milan's financial dealings as questions grow around the Serie A side's sudden spending increase over the summer," according to José Félix Díaz of MARCA. Delegates from the club appeared at UEFA HQ two weeks ago "to make their case that their financial might is legitimate and not in breach of Financial Fair Play rules." However, UEFA President Aleksander Čeferin "remains unconvinced and awaits the results of a disciplinary committee investigation into where the club's transfer funds have actually come from." The club spent more than €200M last summer on new signings and UEFA subsequently "asked for guarantees." These financial commitments reportedly "appear to have been pledged based on the future success of the team," namely its entry into the Champions League, which is "not enough of a guarantee in FFP terms" and could earn the club "a big penalty such as exclusion from continental competitions" (MARCA, 11/21).