BREAKING NEWS: AC Milan banned from Europa League next season

AC Milan will not play in the 2019/20 Europa League after breaching Financial Fair Play rules, the Court of Arbitration for Sport has announced.

The decision has been taken with the Italian club aiming to balance their books before competing in European competition again.

CAS issued a statement confirming they have accepted an agreement between the two parties due to Milan's previous breaches of FFP regulations.

A ruling by UEFA's Adjudicatory Chamber of the Club Financial Control Body (CFCB) in December 2018 stated the Serie A giants would be excluded from participating in European club competitions if they breached the rules again before June 2021.

If they were unable to be break-even compliant, Milan would have been excluded for the next UEFA club competition they qualified for in either the 2022-23 or 2023-24 seasons.

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