AC Milan faces UEFA financial fair-play penalties

first_img“After careful examination of all the documentation and explanations provided, the Chamber decided not to conclude a voluntary agreement with AC Milan,” a UEFA statement said.The key concerns focus on the takeover of the club by Chinese businessman Li Yonghong.UEFA said: “There are still uncertainties in relation to the refinancing of the loans to be paid back in October 2018 and the financial guarantees provided by the main shareholder.”0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Seven-time European champions Milan have run up losses of 255 million euros ($300 million) in the last three seasons © AFP/File / MARCO BERTORELLOLAUSANNE, Switzerland, Dec 15 – AC Milan face penalties from UEFA after European football’s governing body said on Friday it had failed to strike a deal with the Italian club over its spending.Seven-time European champions Milan have run up losses of 255 million euros ($300 million) in the last three seasons, way above the 30 million euros permitted by the rules that are designed to stop clubs from over-spending.last_img read more

Doctor’s suicide: three accused to be in custody till June 24

first_imgThe City Civil and Sessions Court on Monday extended the judicial custody of three senior doctors at BYL Nair Hospital till June 24 in the case for abetting the suicide of 26-year-old, second-year resident doctor Dr. Payal Tadvi. Hema Ahuja, Bhakti Mehare and Ankita Khandelwal, all third-year resident doctors, were booked on May 23, a day after Tadvi killed herself in her hostel room on the hospital’s premises.The trio were sent to judicial custody on May 31 and they subsequently filed their bail pleas. They are currently lodged at Byculla jail. On Monday they broke down in court and told the judge they cannot stay in jail anymore. The doctors claimed that they were subjected to injustice and requested the judge to hear the arguments pertaining to bail soon. Additional sessions judge R.M. Sadrani adjourned the hearing to June 17 for bail arguments and extended judicial custody till June 24. They have been booked under Section 306 (abetment of suicide) and 34 (acts done by several persons in furtherance of common intention) of the Indian Penal Code (IPC) and relevant sections under the Maharashtra Prohibition of Ragging Act and the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Act.The Crime Branch was scheduled to file its reply on Monday, however they sought some time and it will be filed on June 17. Advocate Gunratan Sadavarte, appearing for the doctors, told the court that under the SC/ST Act there is a provision to provide video recording of court proceedings. He filed an application before the court which was allowed by the court.last_img read more