Italian club AC Milan have signed a deal with UEFA to serve a one year ban for breaching the governing body’s financial fair play regulations. According to Yahoo Sport AC Milan have been handed a ban for overspending between 2016 and 2018.
UEFA states that clubs are not allowed to make losses of more than 30 million euros over three season, a rule that Milan breached between 2015 and 2017.
Torino which finished 7th in the Serie A table last season is likely to take the Europa League position meant for Milan which finished 5th, one point behind their rivals Inter Milan.
In a statement, CAS said the earlier decisions made by UEFA’s Club Financial Control Body are “set aside” and replaced with a new order which states Milan are “excluded from participating in the UEFA club competitions of the sporting season 2019/2020” for a “breach of the FFP break-even obligations” in the 2015-17 and 2016-18 monitoring periods.