The Serie A giants are one of several clubs to have been investigated for breaching UEFA’s rules — which state clubs can not spend more than they generate by their own means.
After winning an appeal to the Court of Arbitration for Sport (CAS) earlier this year, following a UEFA ban from the Europa League due to breaching FFP regulations, Milan crashed out of the competition on Thursday after a 3-1 defeat at Olympiakos.
UEFA said Friday the former seven-time European champions again face suspension from continental competition in future seasons “should the club not be break-even compliant at 30 June 2021”.
A UEFA statement added: “Accordingly, should the club not be break-even compliant at 30 June 2021, it will be excluded from participating in the next UEFA club competition for which it would otherwise qualify, in the two seasons 2022/23 and 2023/24.
“The club will also have 12m euros of its UEFA revenues from the 2018/19 UEFA Europa League withheld and will not be permitted to register more than 21 players for participation in UEFA competitions in the 2019/20 and 2020/21 seasons.”
UEFA said Milan had the right to appeal both decisions “to the Court of Arbitration for Sport, in accordance with …. rules governing the UEFA Club Financial Control Body”.
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