AC Milan banned from Europe for 2 years

By Daily Sports on June 28, 2018

Views: 336

AC Milan have been dumped out of Europe for two years after being found guilty of Financial Fair Play violations.

UEFA rejected both a voluntary agreement and a settlement agreement, insisting their financial stability was unsustainable.

“The Adjudicatory Chamber of the Club Financial Control Body (CFCB), chaired by José Narciso da Cunha Rodrigues, has taken a decision in the case of the club

AC Milan that had been referred to it by the CFCB Chief Investigator for the breach of the UEFA Club Licensing and Financial Fair Play Regulations, in particular the break-even requirement," read the UEFA statement.

“The club is excluded from participating in the next UEFA club competition for which it would otherwise qualify in the next two (2) seasons (i.e. one competition in 2018/19 or 2019/20, subject to qualification).

“This decision may be appealed to the Court of Arbitration for Sport, in accordance with Article 34(2) of the Procedural rules governing the UEFA Club Financial Control Body, as well as Articles 62 and 63 of the UEFA Statutes.

“The full reasoned decision will be published on UEFA.com in due course." (Tribal Football)

Source Daily Sports

Posted June 28, 2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

You may also like...
Etoroma warns NFF, Eagles, Rohr ahead of Cameroon...

Amadi relishes knowledge gained at goalkeeping seminar

Go Round FC: Obuah congratulates players, officials over...

Odey, Olatunbosun tipped to inspire Chan Eagles

World Cup 2018: Robert Lewandowski says Poland under...

'Napoli reject Man City's Jorginho bid'

 

Latest News Man charged after golf champion found murdered on golf course CHAMPIONS LEAGUE: Liverpool's late goal stuns PSG as Messi bags hat-trick in Barca vs PSV •Inter Milan, Galatasaray also taste victory Real Madrid ready to win the Champions League Again Rayon Sports coach confident of victory in Aba Arsenal chief executive to join Italian club AC Milan Maradona Wins first match as Dorados Coach Eden Hazard is the best player in the Premier League — Carragher Pogba should follow Ronaldo’s example — Ferdinand Serena Williams speaks on US Open final controversy Table Tennis Star, Omotayo ready to work hard to fulfill potential Ejidike, Ikpea, others mourn Rev. Iloh National Youth Games: Okowa hails victorious Team Delta, restates commitment to sports development

 

Most Read Rangers International going, going . . . (44,269 views) Amaju Pinnick: A cat with nine lives (36,387 views) Missing $150,000 IAAF Grant: Solomon Dalung’s Hide and Seek game (35,181 views) Sports Development: Zenith Bank on the zenith (34,239 views) Current issues in Nigerian sports: Matters arising (33,301 views) Gov. Abdullahi Ganduje’s solid footprints, commitment to sports development in Kano State (33,102 views) Commonwealth Games 2018: Shame of Muhammadu Buhari, Solomon Dalung (32,553 views) Olopade, BET9A wave of revolution in NNL (32,241 views) Ibrahimovic’s Man U exit: Whose decision is it? And in whose interest? (29,524 views) World Cup Friendlies: Eagles Beware! (28,712 views) Let’s save Kelechi Emeteole's life! Let’s follow Omeruo, others' shining examples (28,662 views) NFF Presidency: Pinnick, Maigari, Ogunjobi, Okoye in Battle for Supremacy (28,468 views)

 

 


 

News Athletics (253) Basketball (110) Boxing (506) Columnists (330) Euro Soccer Update (3154) Fans Assembly (3) From the Grassroots (43) Golf (63) Interviews (14) Live Commentary (2) News (4229) NPL Glo Premier League (957) People and Places (22) Readers Parliament (5) Tennis (445)

 

 

 

Phone numbers

Tel: +234(0)8066020976
+234(0)8055068145
+234(0)7013416146
+234(0)8094272884

Email addresses

info@dailysportsng.com
support@dailysportsng.com
publisher@dailysportsng.com

Office address

No 3, Adetoun Close, Off College Road, Ogba, Ikeja Lagos.
Website: www.dailysportsng.com

Social Media