The Italian club received a penalty, after the Court of Arbitration for Sport (CAS) ruled that Milan violated the Financial Fairness Act (FFP).
AC Milan spends over the allowable limits of FFP for the period 2016-2018. In the period 2015-2017, the red-shirt club also lost more than 36 million USD – the threshold allowed by FFP. Failure to improve losses in two consecutive accounting periods, Milan received a penalty from the European Football Federation (UEFA).
In the period 2015-2017, Milan spent USD 260 million on transfers. They also swung money to recruit players in 2018, but had no positive financial results. They were banned from the European Cup last year by UEFA, but appealed to CAS successfully.
However, this time, Milan accepted the penalty after CAS ruled that the Italian club had violated FFP. Director Ivan Gazidis is seeking to help the San Siro club balance the finance.
Losing tickets to the Europa League does not disappoint Milan fans. This is an opportunity for teachers and coaches Marco Giampaolo to focus on winning tickets to Champions League 2020-2021. Last season, Milan lost tickets to the prestigious European tournament in the final round. They finish fifth, one point behind Atalanta and Inter Milan – two teams in the Champions League.
AC Milan was disqualified, meaning that the Serie A Europa League qualification will be transferred to Torino, the seventh-ranked team last season. The Turin club will start from the second qualifying round, while Roma and Lazio will gain the right to go straight to the Europa League group stage.
This is definitely not good news for Marco Giampaolo. He has recently been allowed to replace Gattuso in leading AC Milan not a long time ago. The departure of Milan from the European Cup will seriously affect the Rossoneri transfer plan this summer.