The Court of Sports Arbitration (TAS) He ratified last June the sanction that UEFA had imposed on Milan (exclusion from a season of European competitions) for breach of fair financial play.
Milan is serving a penalty during the current season: despite qualifying sportingly in Serie A, its place in Europe is currently occupied by Rome.
The TAS already previously annulled another previous sanction, imposed by UEFA for the same reason, considering it “disproportionate”. That annulment allowed him to play the Europa League last season.
Milan reported in a statement that it “voluntarily” accepted its exclusion of the Europa League for failing to comply with the UEFA Financial Fair Play in the 2014-2017 and 2015-2018 trienniums.
Milan, which has belonged to the US fund Elliott since the summer of 2018, noted that the irregularities were committed by the previous property, which belonged to a Chinese consortium represented by Li YongHong.
PSG got rid
The PSG was also investigated for the same reason, but was not sanctioned: on the Parisian club there were indications of financial doping for justifying sponsorship income, in the period 2015-17, through Qatar Tourism that could violate the competition laws of the European Union. Under that supposed umbrella, the PSG could have assembled a team full of stars at the heel of a book.
The case was closed in the first instance by the UEFA Chamber of Investigation on June 13 at the conclusion that there was no reason to think of the PSG as a club-State. The investigation panel said it had not detected swollen sponsorship contracts and only forced the PSG to sell players before June 30 worth 60 million..
Finally, in March 2019, the TAS ruled that the case could not be resumed since the deadlines established for it had been breached. With that resolution, UEFA could no longer continue the investigation: the PSG competes normally in Europe.