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AC Milan have agreed on a deal with UEFA to serve a one-year ban from European football over breaches of Financial Fair Play rules.

UEFA will end its proceedings against the Italians for overspending, said the Court of Arbitration for Sport (CAS).

The rule takes effect immediately as AC Milan is excluded from UEFA club competitions of the sporting season 2019-2020, Cas confirmed.

Seven-time European champions Milan finished one point behind local rivals Inter, who took the final Champions League qualifying place.

Meanwhile, Milan were able to take part in last season’s Europa League – going out in the group stage – after appealing to Cas.

Milan who had previously successfully appealed against a two-year ban imposed by UEFA last summer after being found guilty of breaking spending rules between 2015 and 2017.

Under Uefa regulations, any club making losses beyond the permitted limits over a three-year period faces possible sanctions, and in some circumstances, a ban.

Milan’s ban means AS Roma, who came sixth in the standings, move up to the Europa League group stage while their place in the qualifying rounds is taken by seventh-placed Torino.

By Olukayode Oniwinde

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