UEFA deny AC Milan fair play settlement agreement
Lausanne (AFP) – AC Milan face UEFA sanctions for breaching financial fair play regulations after their request for a settlement agreement was rejected by European football’s governing body on Tuesday. UEFA is concerned over AC Milan’s stability after it was purchased by a Chinese-led consortium from Silvio Berlusconi for 740 million euros ($918mn) in April last year. The club also spent more than 200 million euros on new players in the summer. The seven-time European champions have a massive high interest loan of 300 million euros from US hedge fund Elliott Management. “The UEFA Club Financial Control Body (CFCB) has
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