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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