Milan-Uefa: meeting on financial fair play. Gazidis and Furlani in Nyon

Hearing in Nyon for Milan. As scheduled, the Rossoneri – together with other clubs – were heard by the Uefa Club Financial Control Body, which is the body that controls the economic situation of the teams and any distances from financial fair play. The FPP today has less stringent constraints than the one that cost Milan the exclusion from the 2019-20 Europa League (the pandemic made it impossible for almost everyone to strictly observe the rules), but it is still in force. Uefa had asked Milan for the documentation on the accounts, on the basis of which today the CEO Ivan Gazidis and the director Giorgio Furlani (portfolio manager of the Elliott property) illustrated the choices made to keep management costs under control.

Sustainability

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AC Milan, which for over two years has been moving within a general agreement with Nyon on the parameters to be followed to avoid sanctions, has focused on some strong arguments. On the one hand, the halving of losses in the latest budget, with the hope of halving them further in the current season and reducing the liabilities to around fifty million. On the other hand, the creation of a virtuous path of development and reorganization, with a focus on how to increase revenues. All without the madness of the transfer market, precisely in order not to offend Uefa’s sensitivity in terms of sustainability. In the Rossoneri scene, when Gazidis and Furlani left the Nyon headquarters, cautious optimism about the decisions that Uefa will take in the coming weeks filtered through.