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AC Milan’s summer spending spree could land them in serious trouble

Serie A giants are being investigated by UEFA over a potential breach of Financial Fair Play regulations

AC Milan were like a kid in Toys“R”Us over the summer – signing players left, right and centre without a care in the world. 

The Rossoneri completely revamped their squad, spending nearly £200 million on several new players, including £37m on Leonardo Bonucci and £34m on Andre Silva.


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They even signed Fabio Borini.

Crikey

Reuters
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Crikey

Fat lot of good it did too, with Milan currently trailing Serie A table-toppers Napoli by a massive 16 points after only 13 games.

They’ve also failed in all their big duels this season; losing to title-rivals Roma, Juventus and cross-city rivals Inter.

Money doesn’t always buy results

EPA
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Money doesn’t always buy results

And things are looking even worse for the side we all loved to watch growing up.

According to Marca, the Italian giants could be booted out of all European competitions in the future after their new owner’s finances were called into question.

Bonucci joined from Juventus over the summer

CIRO DE LUCA
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Bonucci joined from Juventus over the summer

Milan were bought by Chinese businessman Yonghong Li last summer in a protracted takeover worth a staggering £628 million.

But UEFA president Aleksander Ceferin is seemingly unconvinced that their finances are legitimate, and are investigating whether the club and their owner can actually afford their massive summer outlay.

Chinese owner Yonghong Li

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Chinese owner Yonghong Li

According to reports, a good bulk of Milan’s financial commitments appear to have been pledged on the future success of the team – namely their entry into the Champions League

What’s more, this is not a good enough guarantee in terms of Financial Fair Play – and could earn them a big penalty that includes exclusion from continental competitions.

Hmm

EPA
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Hmm

But the plot thickens.

According to a recent New York Times investigation, their new Chinese owner isn’t even the true owner of the mining company from which he claims his wealth – making his personal fortune considerably smaller than first assumed.

What a mess!

Let’s just remember the good times, shall we?

Better times

Reuters
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Better times