European footballing chiefs have investigated the Serie A club about concerns over its financial stability
AC Milan set to be banned from Europa League by Uefa over Financial Fair Play violation
European football's top financial investigators have recommended excluding Chinese-owned AC Milan from the Europa League next season for violating rules that limit spending.
According to the New York Times, "two people involved in the process" have confirmed that Uefa investigators have recommended Milan be excluded from European competition for violating Financial Fair Play rules.
Uefa announced last week that the seven-time European champions had failed to convince officials they are financially sound and referred the case to the adjudicatory chamber of its financial control unit to recommend an appropriate punishment.
A decision is expected next week and according to the New York Times investigators "have recommended excluding .. AC Milan from continental competition".
Uefa are concerned over AC Milan's stability after it was purchased by Chinese businessman Li Yonghong from Silvio Berlusconi for €740 million (Dh3.1 billion) in April last year.
The club also spent more than €200m on new players in the summer and have a large high interest loan of €300m from US hedge fund Elliott Management.
Milan finished sixth in the Serie A last season and qualified for the second-tier Europa League for a second consecutive season missing out on the money-spinning Champions League.
If Milan were excluded they would become the highest profile club banished from Europe, following Spanish club Malaga, Red Star Belgrade and Turkey's Galatasary who were banned for a year in the past for failing to meet financial criteria.