The Court of Arbitration for Sport (CAS) has overturned the one-year European ban handed out to Italian Serie A giants AC Milan.
The decision to ban the seven-time champions was reached last month by European football’s governing body, UEFA, for the breach of a Financial Fair Play requirement to break even after spending £200m on transfers.
This prompted AC Milan to appeal to CAS thereby leading to the European ban being overturned.
CAS while upholding the club’s appeal, also asked UEFA to issue a more “proportionate disciplinary measure.”
AC Milan will now feature in this season’s UEFA Europa League (UEL) having originally qualified for the competition by finishing sixth in the Italian Serie A before the ban episode.
The club’s woes started in April 2017 when a Chinese consortium bought the Italian outfit from former owner Silvio Berlusconi, who had been in charge for 31 years (since 1986).
The consortium paid €740m (£648m) for the San Siro outfit.
The owners thereafter embarked on a summer spending spree of over €200m on players last year.
According to CAS, UEFA was right to rule that Milan had failed to meet the break-even requirement, however, “some important elements have not been properly assessed … or could not be properly assessed” when the decision to ban the club was reached.