Milan and Uefa’s response to the Voluntary Agreement
Decisive days the ones to come for the fate of AC Milan. Between 9 and 13 November two very important and highly anticipated events by Chinese ownership and leadership will take place.
Immediately after taking the reins of AC Milan the Chinese consortium invested around 250 million euros in the summer transfer window. Heavy investments for the signing of 11 new players that are expected to raise the level of a team that had failed to qualify in Europe for the last four years. But because of many consecutive years in the red the club could not afford so many moneys invested in such a short period. Now sanctions may follow.
As Tuttosport writes today, CEO Marco Fassone is waiting for UEFA’s definitive answer to the request for membership in the “Voluntary Agreement” program, next Thursday. At the moment the club is sending the documentation needed to get this voluntary agreement which would allow the rossoneri to avoid serious sanctions and punishments related to the Financial Fair Play, trying to convince UEFA with a concrete economic recovery plan.
AC Milan’s goal in the prospectus send to Nyon is to not exceed 30 million euros of loses within the next 3-5 years, a fundamental condition for the above-mentioned “Voluntary Agreement”. However, if the reply from the central body of European football on 9 November would be negative, the club will have to forcefully join the so-called “Settlement Agreement”, which is a less liberal regime to which Inter and Roma have already adhered. In such a case AC Milan would be forced not to make exaggerated investments on the market and to pay considerable fines because of a definitely out of parameters budget. Judgment day is coming for the rossoneri.
