MILAN (Reuters) - UEFA has asked AC Milan for more information about the club's business plan before deciding whether to take action for possible breaches of Financial Fair Play (FFP) rules, sources at the Italian soccer club said on Tuesday. Under the UEFA regulations, any European soccer club who spend more than their generated revenue face possible sanctions, including, in certain circumstances, a ban from playing. Last summer Milan, seven-times European champions, spent about 230 million euros (£204.06 million) on new players, which is likely to have an impact on their financial results this year and next. The club reported a 33 million euros loss in the first six months of this year. "A request for clarification on the economic side has arrived," one of the sources said, adding that UEFA had not yet decided whether to grant the waiver.

Source: The Star November 21, 2017 19:52 UTC