Breaking News – AC Milan release appeal to UEFA ahead of FFP verdict

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AC Milan have appealed to UEFA to treat everyone with equality ahead of their expected Financial Fair Play (FFP) verdict on Monday.The San Siro outfit released a video on Twitter on Monday putting their case forward ahead of UEFA’s decision, sharing some very important facts about their revenue. ‘Ahead of UEFA’s judgement, we want to share with you some significant facts. We are expecting fairness, rulings based on facts, equal rules for all,’ Milan captioned their video message on Twitter. RELATED ARTICLES Previous 1 Next Chicago Cubs owners interested in buying controlling stake… From a defender with a cap for Brazil, to a born-again… Man United fans told to reapply for tickets after US tour… Napoli ready to launch shock ‘loan move for Arsenal… Share this article Share Milan last year spent more than £175million (€200m) on new players amid questions over the financial stability of the Chinese-led consortium that purchased the club from Silvio Berlusconi for £600m in April 2017.They took a loan from U.S. private equity fund Elliott worth more than £263m that club chairman Li Yonghong has struggled to pay back.Milan qualified for the Europa League next season but risk being excluded as part of the possible sanctions.And in the video, which is just under two minutes long, the club said: ‘Last April, Milan were fighting (and suffering) for a place in the Europa League, earned on the final day of the season. Since then, we have renewed the squad, putting together the youngest side in Serie A and the fourth youngest in Europe (average age 24.6). ‘We invested more than €200m to open up a new era. A year later, the value of the investment remains unaltered and the value of the squad is the third highest in Serie A.’We secured qualification to the Europa League group stage and reached two finals of the Coppa Italia (both senior squad and youth team).’We are requalifying the Milanello training ground and taking part in the next season of the Women’s Serie A league. We adhered to the initiative of the FIGC on B-Teams and, if included in the list, will participate in the next Lega Pro season with our Under-21 side.’We immediately worked to make the organisation more efficient so we could run it in a virtuous manner. Despite the fact that after the “closing” two main sponsors (Audi and Adidas) resolved their contracts with Milan, we still closed the balance sheet with €20m more in revenue.’The Milan EBITDA (Earnings before interest, tax depreciation and amortization), including summer transfers, will be positive to the tune of €28m and €50m better than the previous year, meeting the target set in the business plan we presented to UEFA. ‘We lowered the operating costs by €6m. Our majority shareholder increased the capital over the course of a year by €88m (not with loans), elevating the value of the club. Milan have always respected deadlines.’All of these facts are inspired by a single mantra: work for the future of Milan, an add

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