Previous
Kazakhstan
Andorra
0
0
LIVE 4'
Game Details
Armenia
Macedonia
4:00 PM UTC
Game Details
France
Germany
6:45 PM UTC
Game Details
Ukraine
Czech Republic
6:45 PM UTC
Game Details
Republic of Ireland
Wales
6:45 PM UTC
Game Details
Norway
Bulgaria
6:45 PM UTC
Game Details
Slovenia
Cyprus
6:45 PM UTC
Game Details
Latvia
Georgia
6:45 PM UTC
Game Details
Gibraltar
Liechtenstein
6:45 PM UTC
Game Details
Next

ITALIAN SERIE A

2018/2019 Season

POS TEAM W D L PTS
9 Parma 4 1 3 13
10 Milan 3 3 1 12
11 Genoa 4 0 3 12
View Full Table »
AC MilanAC Milan
Chievo VeronaChievo Verona
3
1
FT
Game Details
AC MilanAC Milan
OlympiakosOlympiakos
3
1
FT
Game Details

UEFA rejects AC Milan bid to stop FFP investigation

MILAN -- UEFA has rejected AC Milan's bid for an agreement to end a financial fair play investigation that threatens to derail the plans of the club's new Chinese owners.

While Milan spent more than €200 million (nearly $250 million) on new players in the offseason, there have been questions about the financial stability of the Chinese-led consortium that purchased the club from Silvio Berlusconi for $800m in April.

UEFA says "after careful examination of all the documentation and explanations provided" it decided "not to conclude a voluntary agreement."

Milan took a loan from U.S. private equity fund Elliott worth more than €300m.

UEFA says "there are still uncertainties in relation to the refinancing of the loans to be paid back in October 2018 and the financial guarantees provided by the main shareholder."

UEFA will assess Milan's finances again in early 2018.

Possible punishments include limits on transfer spending, player salaries, and squad sizes for UEFA competitions.

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.