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The Supreme Court of Cbadation announced its acceptance of AC Milan's appeal for its decision to exclude it from the UEFA Champions League competition.
The European Union issued a decision refusing to the Italian team to participate in the European Championship.
Atalanta immediately qualified for the European League group stage next season instead of the Rossoneri, and Fiorentina took part in the preliminary round.
But Milan decided to appeal quickly to the decision. (19659005) Mediaset Network Italy revealed Friday the details of the hearing held yesterday at the Sporting Court in Lausanne, Switzerland, which contributed to the decision to return Milan
Frank Toil, director of Elliott Management, who took over the management of the club – the successor of the Chinese owner who declared bankruptcy – and the executive director of the Rossoneri attended the meeting.
His company controls an estimated amount It is worth 8 billion euros of money to the club, and showed during this session the ability of his company to ensure his commitment to the club from 3 to 5 years and to balance the rules of the financial game own.
This is not just financial,
The history of the Milan crisis dates back to the decision of the club's historical owner, Silvio Berlusconi, to sell it to the man of 39, Chinese business Yunghong Li for 740 million euros
. A loan from a portfolio management company called Elliott Managment, But it has become cashless and can not cover its loans, according to several reports in February.
The New York Times and Corriere della Sera confirmed that Lee's property and badets would be auctioned, Chinese authorities investigated bankruptcy of his company for months
Milan broke Clean Play Act after spending nearly 250 million euros in the last Mercato, but failed to cover the value and qualify for the Champions League.
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