AC Milan will play in Europa League next season as the CAS has decided to overturn Uefa’s ban on the Rossoneri. Reports in Italy had anticipated the CAS’ decision which has now been made official.
Here’s the announcement of CAS:
Lausanne, 20 July 2018 – The Court of Arbitration for Sport (CAS) has issued its decision in the arbitration procedure between the AC Milan and the Union Européenne de Football Association (UEFA) in relation to the appeal filed at CAS by AC Milan against the decision issued by the Adjudicatory Chamber of the UEFA Club Financial Control Body (UEFA CFCB) dated 19 June 2018.
The Adjudicatory Chamber of the UEFA CFCB determined that AC Milan had failed to fulfil the break-even requirement set out in Articles 58 to 63 of the applicable UEFA Club Licensing and Financial Fair Play Regulations and excluded AC Milan from participating in the next UEFA club competition for which it would otherwise qualify in the next 2 seasons (i.e. in 2018/19 or 2019/20).On 4 July 2018, AC Milan filed an appeal at the CAS seeking the annulment of the CFCB Adjudicatory Chamber Decision.
The arbitration procedure was conducted by a CAS Panel composed of Prof. Dr. Ulrich Haas (Germany), President, Mr Pierre Muller (Switzerland), and Mr Mark Hovell (UK) who held a hearing in the presence of the parties on 19 July 2018 at the CAS headquarters in Lausanne, Switzerland.The CAS Panel in charge of the arbitration has partially upheld AC Milan’s appeal and has ruled as follows: - the decision of the Adjudicatory Chamber of the UEFA CFCB rendered on 19 June 2018 establishing that AC Milan has failed to fulfil the break-even requirement is confirmed;
The decision of the Adjudicatory Chamber of the UEFA CFCB rendered on 19 June 2018 to exclude AC Milan from participating in the next UEFA Club competition for which it would otherwise qualify in the next two (2) seasons (i.e. the 2018/19 and 2019/20 seasons) is annulled; the case is referred back to the Adjudicatory Chamber of the UEFA CFCB to issue a proportionate disciplinary measure.