- AC Milan’s Chinese owners are hoping to lead the club into Champions League
- They have spent £176m on new players in the summer as part of that aim
- But they are potentially going to be investigated by UEFA over their finances
AC Milan says it’s open to a ‘settlement agreement’ with UEFA over a financial fair play investigation.
The investigation from European football’s governing body threatens to derail the plans of the club’s new Chinese owners and could see them hindered in continental action.
Italian newspaper Gazzetta dello Sport reports that UEFA’s club financial control body will turn down Milan’s offer of a ‘voluntary agreement’ to seek more credit.
AC Milan spent over £176.2m on the likes of Leonardo Bonucci in the summer window
A club statement said: ‘Milan has always declared itself ready to face the other side of the coin, which is the settlement agreement.’
While Milan spent more than €200million (£176.2m) on new players in the summer, there have been questions about the financial stability of the Chinese-led consortium that purchased the club from Silvio Berlusconi for $800m (£598m) in April.
Milan reportedly had losses of €255m (£224m) over the past three years.
The San Siro club are open to reaching a ‘settlement agreement’ with UEFA over FFP