UEFA has launched a statement confirming that AC Milan have been reinstituted to the European football during the 2018-19 season.
The Serie A giants were banned by UEFA in June from Europa League football following an investigation into their handling of the body’s Financial Fair Play rules.
The San Siro side immediately launched an appeal to the Court of Arbitration for Sport’s (CAS); but on Friday the CAS has ruled that UEFA’s punishment was too harsh.
The statement read: “Earlier this month, the adjudicatory chamber of the independent Club Financial Control body, chaired by Jose Narciso da Cunha Rodrigues, decided that AC Milan had breached the UEFA Club Licensing and Financial Fair Play Regulations; in particular the break-even requirement.”
“As a result, the chamber decided to exclude AC Milan from the 2018-19 Europa League.”
“As is permitted, AC Milan appealed this decision to the Court of Arbitration for Sport (CAS), who confirmed the chamber’s view that there had been a breach of the regulations.”
“However, the CAS noted that there were some important elements that could not properly be assessed by the adjudicatory chamber – most significantly the improvement of the club’s financial situation as a result of the recent change of ownership.”
“As a result, AC Milan is reinstated to the 2018-19 UEFA Europa League and the CAS has referred the case back to the adjudicatory chamber to decide on the appropriate disciplinary measure, in the light of these developments.”
AC Milan, who won the European Cup/UEFA Champions League seven times in their history, have finished sixth last season allowing them to play Europa League next season.