After the very long meeting with AC Milan yesterday, CAS (Court of Arbitration for Sport) has decided to overturn the Rossoneri’s European ban.
The 10-hour meeting yesterday has, after a day of anxious wait, resulted in a decision. CAS released a statement on their website regarding the matter, declaring that they’ve overturned UEFA’s decision to ban AC Milan from this season’s Europa League.
“On 4 July 2018, AC Milan filed an appeal at the CAS seeking the annulment of the CFCB Adjudicatory Chamber Decision. The arbitration procedure was conducted by a CAS Panel composed of Prof. Dr. Ulrich Haas (Germany), President, Mr Pierre Muller (Switzerland), and Mr Mark Hovell (UK) who held a hearing in the presence of the parties on 19 July 2018 at the CAS headquarters in Lausanne, Switzerland.
The CAS Panel in charge of the arbitration has partially upheld AC Milan’s appeal and has ruled as follows:
– the decision of the Adjudicatory Chamber of the UEFA CFCB rendered on 19 June 2018 establishing that AC Milan has failed to fulfil the break-even requirement is confirmed;
– the decision of the Adjudicatory Chamber of the UEFA CFCB rendered on 19 June 2018 to exclude AC Milan from participating in the next UEFA Club competition for which it would otherwise, qualify in the next two (2) seasons (i.e. the 2018/19 and 2019/20 seasons) is annulled;
– the case is referred back to the Adjudicatory Chamber of the UEFA CFCB to issue a proportionate disciplinary measure.”
According to Sky Italia, the presence of Eliott’s representative Franck Tuil was decisive, as he managed to convince the judges of the American hedge fund’s commitment to the club over a long-term period.