AC Milan have launched legal action after they were banned from next season's Europa League by UEFA following an investigation under Financial Fair Play.
AC Milan had been under investigation for breaching FFP regulations. Specific focus was paid to the break-even requirement. As a result, they were banned from European competitions and thus the Europa League, as they finished sixth last season.
However, the Italian club had argued that the takeover by Li Yonghong meant they were now stable and released a statement announcing their intention to appeal the decision to the Court of Arbitration for Sport in Lausanne, Switzerland.
After taking note of the aforementioned ruling, AC Milan has instructed its legal team to appeal the decision before the Court of Arbitration for Sport in Lausanne, seeking for a prompt review of the ruling. AC Milan fully trusts the CAS will hear its arguments and will refrain from commenting further pending the arbitration.
Should the club be punished, they may face a fight to hold onto talented goalkeeper Gianluigi Donnarumma and defender Leonardo Bonucci who were both linked to moves away in recent months.