Before getting the verdict from UEFA, which will most likely arrive today, Milan gave their side of the story.
After getting rejected for a Voluntary Agreement and a Settlement Agreement, Milan were referred to the UEFA Club Financial Control Body Adjudicatory Chamber in Nyon, where they had a hearing last Tuesday (June 19th).
Today, Milan are expected to get their sentence for breaching the Financial Fair Play rules in 2014-2017, when Silvio Berlusconi and Adriano Galliani were in charge.
Most reports in the Italian media suggest that the Diavolo are looking at least a one-year ban from European competition, meaning they would not be able to compete in next year’s Europa League, while others speculate that a two-year ban and a big fine (€30 million) are also possibilities.
Last night, the club posted a video on social media, with slides telling their side of the story, perhaps in attempt to moderate the damage to the image of the club which will arrive with UEFA’s ruling:
“Awaiting the UEFA sentence, we want to share with you all some substantial facts. We expect equality, judgement based on the facts and equal rules for all. Last April, Milan were fighting (and suffering) for a place in the Europa League, earned on the final day of the season.
“Since then, we have renovated the squad, putting together the youngest side in Serie A and the fourth youngest in Europe (average age 24.6). We invested more than €200m to open up a new era. A year later, the value of the investment remains unaltered and the value of the squad is the third highest in Serie A. We secured qualification to the Europa League group stage and reached two Finals of the Coppa Italia (both senior squad and youth team).
“We are requalifying the Milanello training ground and taking part in the next season of the Women’s Serie A league. We adhered to the initiative of the FIGC on B-Teams and, if included in the list, will participate in the next Lega Pro season with our Under-21 side.
“We immediately worked to make the organization more efficient, so we could run it in a virtuous manner. Despite the fact that after the ‘closing’ two main sponsors (Audi and Adidas) resolved their contracts with Milan, we still closed the balance sheet with €20m more in revenue.
“The Milan EBITDA (Earnings before interest, tax depreciation and amortization), including summer transfers, will be positive to the tune of €28m and €50m better than the previous year, meeting the target set in the business plan we presented to UEFA. We lowered the operating costs by €6m. Our majority shareholder increased the capital over the course of a year by €88m (not with loans), elevating the value of the club. Milan have always respected deadlines.
In attesa della sentenza UEFA, vogliamo condividere con tutti voi alcuni fatti sostanziali.
Ci aspettiamo equità, giudizi basati sui fatti, regole uguali per tutti.#weareacmilan pic.twitter.com/TwEHlrPnHq
— AC Milan (@acmilan) June 24, 2018
“All of these facts are inspired by a single mantra: work for the future of Milan, an added value for world football. Milan are ready to pay for the errors made in the past. We have the utmost respect for the rules, but we expect equality. Judgement must be based on facts and equal rules for all.”
The UEFA punishment will be heavy, and so Milan are already preparing their case for an appeal in CAS, The Court of Arbitration for Sport, who have the power to overturn the decisions of UEFA.