MILAN: AC Milan says it is open to a “settlement agreement” with UEFA over a financial fair play investigation that threatens to derail the plans of the club’s new Chinese owners.
The Gazzetta dello Sport reports that UEFA’s club financial control body will turn down Milan’s offer of a “voluntary agreement” to seek more credit.
A club statement says, “Milan has always declared itself ready to face the other side of the coin, which is the settlement agreement.”
While Milan spent more than 200 million euros (nearly $250 million) on new players in the offseason, there have been questions about the financial stability of the Chinese-led consortium that purchased the club from Silvio Berlusconi for $800 million in April.
Milan reportedly had losses of 255 million euros over the past three years.
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AC Milan is open to settlement over financial fair play
AC Milan is open to settlement over financial fair play
Somalia’s Al-Shabab vows to fight any Israeli use of Somaliland
MOGADISHU: Somalia’s Al-Qaeda-linked militant group Al-Shabab vowed Saturday to fight any attempt by Israel “to claim or use parts of Somaliland” following its recognition of the breakaway territory.
“We will not accept it, and we will fight against it,” Al-Shabab said in a statement.
It said Israel’s recognition of Somaliland as a sovereign state showed it “has decided to expand into parts of the Somali territories” to support “the apostate administration in the northwest regions.”
“We will not accept it, and we will fight against it,” Al-Shabab said in a statement.
It said Israel’s recognition of Somaliland as a sovereign state showed it “has decided to expand into parts of the Somali territories” to support “the apostate administration in the northwest regions.”
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