AC Milan Accept European Ban For Financial Fair Play Violations

UEFA initially found the Italian giants, who had qualified for the Europa League next season, guilty in June last year of violating financial rules which broadly limit club expenditure to club income in any given year.

However, CAS referred the matter back to UEFA judging that an European ban was disproportionate.

Ultimately UEFA action against the club was suspended pending the outcome of arbitration, resulting in Friday's decision following agreement between UEFA, the club and CAS.

The announcement follows the club's adoption of spending curbs in recent months designed to return its finances to a better state and which saw the departure of coach Gennaro Gattuso.