Italy's UEFA has had its one-year ban from European football overturned by an arbitration court. Europe's football governing body AC Milan had imposed the penalty after finding the club spent £200m ($263m) on transfers last year, breaching financial regulations requiring a balanced budget. The Court of Arbitration for Sport agreed with the finding, but partially upheld an appeal from Milan asking for a less severe sanction to be imposed. The decision means the team will be eligible to play in the Europa League competition during the upcoming season.
Italy's AC Milan has had its one-year ban from European football overturned by an arbitration court. Europe's football governing body UEFA had imposed the penalty after finding the club spent £200m ($263m) on transfers last year, breaching financial regulations requiring a balanced budget. The Court of Arbitration for Sport agreed with the finding, but partially upheld an appeal from Milan asking for a less severe sanction to be imposed. The decision means the team will be eligible to play in the Europa League competition during the upcoming season.