UEFA’s Club Financial Control Body has today announced that AC Milan met their Financial Fair Play targets along with Inter, but AS Roma were guilty of a minor breach.
For the first time, the CFCB assessed clubs against the new squad cost rule that is progressively implemented over three years, which means that the cost of the squad for that season (amortisation of transfer fees plus gross salaries) can only be a percentage of total revenues.
In 2023, clubs had to report a ratio equal or below 90%. The ratio will then decrease to 80% in 2024 and finally to 70% in 2025, to allow time for teams to adapt to the new measures.
The CFCB First Chamber met this week and completed the assessment of the clubs having taken part in the 2023-24 season under a Settlement Agreement, releasing the following statement:
“AC Milan (ITA), FC Internazionale Milano (ITA), AS Monaco FC (FRA), Olympique de Marseille (FRA), Paris Saint-Germain (FRA), Beşiktaş JK (TUR), Trabzonspor A.Ş (TUR) and Royal Antwerp FC (BEL) were all found to have fulfilled the intermediate financial targets set for the financial year 2023.”
Back in 2019, Milan agreed to be excluded from the Europa League to sign a Settlement Agreement with UEFA whereby the club have to hit certain targets. The situation has since changed a lot and the Rossoneri are now in a very good position financially, thanks to the work of the owners.
They will continue to be observed for another two years, while an explanation of how the FFP regulations and Milan’s financial situation affects the possibilities in the transfer window can be found on our Substack.
