UEFA has banned AC Milan from the Europa League next season for violating financial fair play rules after the club took on risky levels of debt.
“The club is excluded from participating in the next UEFA club competition for which it would otherwise qualify in the next two (2) seasons,” UEFA said in a statement on Wednesday.
The Italian club has already qualified for the Europa League from 2018-2019 so the ban will take effect from then.
However, Milan said later Wednesday that they will appeal against the decision.
“After taking note of the aforementioned ruling, AC Milan has instructed its legal team to appeal the decision before the Court of Arbitration for Sport in Lausanne, seeking for a prompt review of the ruling,” said a club statement.
“AC Milan fully trusts the CAS will hear its arguments and will refrain from commenting further pending the arbitration.”
UEFA announced last month that the seven-time European champions had failed to convince officials they…
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