The CFCB Board of Investigation will continue to communicate its other decisions in June regarding the supervision of the clubs reviewed or under a transaction agreement. After careful consideration of all documents and explanations provided by the club, the CFCB Board of Investigation considers that the circumstances of the case do not permit the conclusion of a transaction agreement. In the run-up to 2021, the accounts will certainly still be « red », but it will also be a good time to ask for a « settlement agreement », an agreement that UEFA has refused in the past, but which now seems possible for Milan. Milan was then investigated, with FFP regulations forecasting a loss of around 30 million euros over three years. Milan recorded huge losses of 78 million euros over the whole of the past year. At that time, Milan took the opportunity to find a voluntary agreement with UEFA, as the team was newly detained. Marco Fassone`s voluntary Milan agreement has made him laugh at the building and Milan`s business plan has been publicly ridiculed, particularly with regard to the projected benefits of merchandising from Asia. In 2018, Milan had to look for a comparison with UEFA. In June 2018, Milan were finally ruled out of the Europa League due to a violation of FFP rules because they did not meet the « break-even » requirement between 2014 and 2017. This announcement was made after UEFA rejected the transaction agreement proposed by Milan.
Milan decided to challenge the decision before the Court of Arbitration for Sport (CAS) and in July the decision was overturned because Milan was taken over by Elliot Management after missing payments from Li Yonghong. Milan was allowed to participate in the European League because the decision to ban it was deemed disproportionate. « After careful consideration of all documents and explanations provided by the club, the CFCB Board of Investigation considers that the circumstances of the case do not permit the conclusion of a transaction agreement.