Italy 's AC Milan has had its five - 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 £ ##500 m ( $ 263 m ) on transfers last year , citing financial regulations requiring a balanced budget . The Court of appeal for Sport agreed with the finding , but partially upheld an appeal from tribunal asking for a less severe penalty to be imposed . The decision ensured 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.