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AC Milan face expulsion from European football - FCNaija

Serie A By: Collins Udeme | 21/11/2017

Serie A giants AC Milan are reportedly facing exclusion from European as UEFA are said to be taking a closer look into San Siro side's financial dealings as questions grow around the club's sudden spending increase over the summer.

Whistles were blown in Nyon when over €200m was splashed on new signings and UEFA subsequently asked for guarantees and documents from Silvio Berlusconi's Fininvest and the Chinese consortium, known as Rossoneri Sport Investment Lux, that Milan has recently been purchased by.

Spanish Newspaper MARCA say delegates from the Diavolo appeared at the governing body's headquarters two weeks ago to make their case that their financial might is legitimate and not in breach of Financial Fair Play rules.
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But the report says UEFA president Aleksander Ceferin is not convinced and and so he awaits the results of a disciplinary committee investigation into where the club's transfer funds have actually come from.

The Spanish tabloid understand that these financial commitments appear to have been pledged based on the future success of the team, namely their entry into the Champions League, which is not enough of a guarantee in FFP terms and could earn them a big penalty such as exclusion from continental competitions.

Furthermore, a recent New York Times investigation found that Li Yonghong, the new Chinese owner of the Lombardy club, is not the true owner of the mining company from which he claims his wealth, making his personal fortune considerably smaller than first assumed.
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