Financial fair play: AC Milan banned from the 2018-19 Europa League by UEFA Financial Control Body

"The Adjudicatory Chamber of the Club Financial Control Body (CFCB), chaired by José Narciso da Cunha Rodrigues (POR), has taken a decision to exclude AC Milan (Serie A) from participating in the next UEFA club competition for which it would otherwise qualify in the next two seasons (2018-19 and 2019-20)," announced UEFA on 27/06/2018.

The ruling, which is only for one UEFA club competition edition over the next two seasons, therefore excludes AC Milan from the 2018-19 Europa League, for which the club qualified by finishing sixth place in the 2017-18 Serie A TIM table.

"The Investigatory Chamber of the UEFA Club Financial Control Body (CFCB) has decided to refer Italian club AC Milan (Serie A TIM) to the Adjudicatory Chamber of the CFCB for breach of the Financial Fair Play regulations, in particular the break-even requirement," announced UEFA on 22/05/2018.

"After taking note of the aforementioned (UEFA CFCB) ruling, AC Milan has instructed its legal team to appeal the decision before the Court of Arbitration for Sport in Lausanne (SUI), seeking for a prompt review of the ruling…