Posted by AC Milan has been was fined €12 million (N4.9 billion) by UEFA and threatened with a one-season ban from European competition for breaking financial fair play rules.
UEFA said its club finance panel ruled the ban will be activated if Milan fails to break even on soccer-related business in June 2021.
If Milan fails to comply, it will be banned for the next UEFA competition it qualifies for in either of the 2022-23 or 2023-24 seasons.
The decision was announced the day after Milan was eliminated from the Europa League in the group stage. The €12 million (N4.9 billion) will be deducted from its prize money.
The fine is one of the biggest imposed by UEFA since financial fair play sanctions began in 2014.
Then, Manchester City and Paris Saint-Germain had €20 million (N8 billion) withheld from their Champions League prize money.
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Post Summary
If Milan fails to comply, it will be banned for the next UEFA competition it qualifies for in either of the 2022-23 or 2023-24 seasons.
The decision was announced the day after Milan was eliminated from the Europa League in the group stage. The €12 million (N4.9 billion) will be deducted from its prize money.
The fine is one of the biggest imposed by UEFA since financial fair play sanctions began in 2014.
Then, Manchester City and Paris Saint-Germain had €20 million (N8 billion) withheld from their Champions League prize money.
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Gistfans do not claim ownership of any of the Songs and Videos that we upload and any copyright infringement complaints will be executed immediately! It is our policy to honor all take-down requests! Email Us via Gistfansofficials@gmail.com
CONTENT REMOVAL
If you believe that this page has violated your copyrighted/protected material(s), please kindly Contact Us for immediate removal, or mail us at Gistfansofficials@gmail.com stating the content name/URL of the page. Thanks.
To upload your music on Gistfans and get massive download, contact us now:
Whatsapp: 08095459350
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| Article Name | UEFA Fines Milan N4.9bn, Threatens One-Year European Ban |
| Description |
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| Author Name | Head Admin |
| Published On | 12/14/2018 |
| Post Category |
Champions League
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