Milan have been officially withdrawn from next season’s Europa League after reaching an agreement with UEFA over Financial Fair Play.
A Court of Arbitration for Sport (CAS) statement reads: ‘The Court of Arbitration for Sport (CAS) has issued a Consent Award embodying the agreement reached between AC Milan S.p.A and the Union of European Football Associations (UEFA) concerning breaches of the UEFA Financial Fair Play Regulations by the Italian club.’
The compromise satisfies both UEFA and Milan, as it not only proves the intent of one of the governing body’s member clubs to balance their books, but it also gives the Rossoneri more time to get back on track.
Consent Award pic.twitter.com/eVGHiB4ID3
— Mauro Suma (@mauro_suma) June 28, 2019
UEFA has already suspended proceedings against Milan over FFP until after their ongoing appeal to the CAS from last year is resolved.
It then emerged that il Diavolo had no hearing scheduled with CAS before August 14, effectively confirming their availability for the Europa League group stage.
However, the San Siro side have managed to negotiate an ‘all-inclusive’ punishment that covers the periods 2014-17 and 2015-18.
Torino could now replace the Milan as Italy’s third Europa League representative, with Roma being admitted directly to the group stage.