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 in Lausanne ruled that the fine was "excessive" and ordered Milan to pay back €50m (£40m). 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.