‘Milan will have FFP sanctions, but…’

By Football Italia staff

Marco Fassone admits it is ‘inevitable’ that Milan will be subjected to UEFA sanctions but insists ‘we don’t have to sell anyone’.

Milan met UEFA a third time on Friday morning to discuss their financial plan going forward, and Fassone claimed his regime were paying for Silvio Berlusconi’s mismanagement of the club, while expressing optimism about the Rossoneri’s efforts to restructure their €303m loan.

“This is the third time we’ve met this committee,” the CEO told Sky Sport Italia.

“We gave them an update on how this season has gone from an economic-financial standpoint, which went better than their predictions.

“We’ve re-presented our plan for the next few years and explained how Milan can be respectful of the rules and Financial Fair Play.

“Now we’re waiting for them to reflect and give our plan the green light. Milan have an outstanding loan with a very short deadline, so we considered it appropriate to submit a letter to UEFA, a written statement from the lender, which guaranteed proximity and support in any unlikely event of a default.

“We gave them peace of mind. Nothing can happen to Milan’s finances in any case. Other lenders? We’ve reassured UEFA about the talks we’re in at the moment, but I know nothing about them, although I think our shareholder knows.

“Sanctions? Our previous owners didn’t respect the parameters they were faced with. We’re under investigation because of the 14-15, 15-16 and 16-17 seasons.

“There will be sanctions, but we hope they’re not heavy. I hope UEFA takes into account the fact we’re a new club and that we’re doing our best, but I think sanctions are inevitable.

“For now, there are no new meetings planned so we’ll wait. As for refinancing, we have three offers on the table. I don’t want to make any predictions, but we’re dedicating our time and energy [into negotiations]. I hope everything is resolved quickly.

“Transfers? As far as I’m concerned, we don’t have to sell anyone. We’re not obliged to do so.

“Our idea is to strengthen the team with two or three players, weighed up by two to three sales. The fans mustn’t expect a transfer campaign like last summer.

“That show has been done. Now we have to improve the squad with the two or three additions.”

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