On July 31st, 2018, CBV Avocats published an article related to the UEFA’s financial fair play rules and the AC Milan’s case.
For the record, on June 27th, 2018, the Adjudicatory Chamber of the UEFA CFCB determined that AC Milan failed to fulfil the break-even requirement and decided to exclude the club from participating in the next UEFA club competition for which it would otherwise qualify in the next two seasons (i.e. 2018/19 UEFA Europa League for which AC Milan qualified during the 2017/18 regular season).
On July 4th, 2018, AC Milan filed an appeal at the CAS seeking the annulment of the CFCB Adjudicatory Chamber Decision.
On July 20th, 2018, the CAS Panel partially upheld AC Milan’s appeal and ruled as follows:
- the decision of the Adjudicatory Chamber of the UEFA CFCB establishing that AC Milan has failed to fulfil the break-even requirement is confirmed; but
- the decision of the Adjudicatory Chamber to exclude AC Milan from participating in the next UEFA club competition for which it would otherwise qualify in the next two seasons is annulled; then
- the case is referred back to the Adjudicatory Chamber of the UEFA CFCB to issue a proportionate disciplinary measure.
The aim of our article was to propose a preliminary analysis of the CAS approach before the publication of the full reasoned decision which is now available here.