UEFA and Financial Fair Play: A review of the AC Milan decision and 2018 changes to the regulations
UEFA’s Club Financial Control Body today issued its decision1 regarding AC Milan’s infringements of the Club Licensing and Financial Fair Play Regulations (Regulations). The Club was excluded from participating in the next UEFA club competition for which it would otherwise qualify in the next two (2) seasons (i.e. one competition in 2018/19 or 2019/20, subject to qualification). This decision may be appealed to the Court of Arbitration for Sport (CAS), in accordance with Article 34(2) of the Procedural Rules governing the UEFA Club Financial Control Body, as well as Articles 62 and 63 of the UEFA Statutes.
Reviews the AC Milan decision;
Recaps the learning from the Galatasaray case of 2016, in which CAS ruled on the compatibility of the Regulations with EU law; and
Discusses the recent amendments to the Regulations, which introduce new measures and requirements for the 2019-2022 competition cycle.
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- Tags: Club Licensing and Financial Fair Play Regulations | Court of Arbitration for Sport (CAS) | Financial Fair Play | Football | UEFA | UEFA Procedural Rules | UEFA Statutes | UEFA’s Club Financial Control Body | Union of European Football Associations (UEFA)
Solicitor, Lombardi Associates
Laura is a Scottish solicitor, having qualified in 2013. She obtained her LLB degree at the University of Strathclyde. Prior to joining Lombardi Associates, Laura was a solicitor at two major city law firms in Glasgow. Her legal experience to date spans a variety of practice areas including general dispute resolution, housing law, medical law, personal injury, professional negligence and sports law.
Director, Lombardi Associates
Philippa is a qualified Chartered Accountant who joined Lombardi Associates after spells in Private Practice and Offshore Wealth Management. She brings to the company a deep understanding of key financial matters and also assists with business development.