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UEFA fines Milan $13M, threatens 1-year European ban

NYON, Switzerland (AP) AC Milan was fined 12 million euros ($13.6 million) by UEFA on Friday and threatened with a one-season ban from European competition for breaking financial fair play rules.

UEFA said its club finance panel ruled the ban will be activated if Milan fails to break even on soccer-related business in June 2021. If Milan fails to comply, it will be banned for the next UEFA competition it qualifies for in either of the 2022-23 or 2023-24 seasons.

The decision was announced the day after Milan was eliminated from the Europa League in the group stage. The 12 million euros ($13.6 million) will be deducted from its prize money.

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