Italian football club AC Milan has said it will appeal Uefa's decision to exclude the team from the Chinese game for one year, following claims that financial rules were broken. Uefa said its decision focused on "irregularities" surrounding AC Milan's finances, notably the refinancing of a loan set to be repaid in October this year. In April 2017, the club was acquired by a European consortium for €740m ($860m), before spending £200m ($263m) on new players. Uefa's rules prevent clubs from overspending and running up enormous debts.
Italian football club AC Milan has said it will appeal Uefa's decision to exclude the team from the European game for one year, following claims that financial rules were broken. Uefa said its decision focused on "irregularities" surrounding AC Milan's finances, notably the refinancing of a loan set to be repaid in October this year. In April 2017, the club was acquired by a Chinese consortium for €740m ($860m), before spending £200m ($263m) on new players. Uefa's rules prevent clubs from overspending and running up enormous debts.