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AC Milan banned from Europa League next season

Italian club AC Milan have been banded from Europa League for one year over breaches of Financial Fair Play rules.

Published June 28, 2019 Updated June 28, 2019 12:12pm

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By Hamza Khan

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Italian club AC Milan have been banded from Europa League for one year over breaches of Financial Fair Play rules.

The club fined fifth in Italy's Serie A, will miss next season's Europa League.

Uefa will end its proceedings against the former champions for overspending, said the Court of Arbitration for Sport (Cas).

"AC Milan is excluded from Uefa club competitions of the sporting season 2019-2020," said Cas.

Milan's ban means AS Roma, who finish 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.

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

Previously, Milan successfully appealed against a two-year ban imposed by Uefa last summer after being found guilty of breaking spending rules between 2015 and 2017.

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Currency	Rate
USD PKR Interbank Selling / Jul 30	278.01
USD PKR Interbank Buying / Jul 30	277.81
USD to Japanese Yen / Jul 31	160.60
USD to Swiss Franc / Jul 31	0.81
Pound Sterling to USD / Jul 31	1.34
Euro to USD / Jul 31	1.15
SOFR % / Jul 30	3.64

Stock	Volume
S&P 500 / Jul 30	7,437.63
Nasdaq / Jul 30	25,122.18
FTSE 100 / Jul 30	10,897.27
Dow Jones / Jul 30	52,208.06
Germany DAX 30 / Jul 30	25,612.03
France CAC40 / Jul 30	8,485.64
India Sensex / Jul 31	77,976.71
Tokyo Nikkei / Jul 31	64,572.25
Hang Seng / Jul 31	25,812.60

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 30	18,480
Gold 10 Grams PKR / Jul 30	366,457
Petrol/Litre / Jul 31	335.06
Crude Oil USD/Barrel / Jul 31	81.89
Gold Spot USD/Ounce / Jul 31	4,081.14
Diesel/Litre / Jul 31	390.62
Cotton US¢/pound / Jul 31	81.07

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Wasl Mobility Mod. / Jul 31 Wasl Mobility Modaraba(WASL)	7.92 ▲ 1 (14.45%)
Cres.Star Ins. / Jul 31 Crescent Star Insurance Limited(CSIL)	6.12 ▲ 0.7 (12.92%)
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J.A.Textile / Jul 31 J.A. Textile Mills Limited(JATM)	38.75 ▲ 3.52 (9.99%)
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Dadabhoy Cement / Jul 31 Dadabhoy Cement Industries Limited(DBCI)	20.40 ▼ -2.27 (-10.01%)
Olympia Mills / Jul 31 Olympia Mills Limited(OML)	147.85 ▼ -16.43 (-10%)
786 Invest Ltd / Jul 31 786 Investments Limited(786)	24.30 ▼ -1.56 (-6.03%)
JS Investments / Jul 31 JS Investments Limited(JSIL)	43.21 ▼ -2.62 (-5.72%)
Kohinoor Power / Jul 31 Kohinoor Power Company Limited(KOHP)	26.49 ▼ -1.55 (-5.53%)
Shadman Cotton / Jul 31 Shadman Cotton Mills Limited(SHCM)	51.30 ▼ -2.76 (-5.11%)
Pak Engineering / Jul 31 Pakistan Engineering Company Limited(PECO)	650 ▼ -34.16 (-4.99%)
Elahi Cotton / Jul 31 Elahi Cotton Mills Limited(ELCM)	216.10 ▼ -11.07 (-4.87%)
Pak. P.V.C. / Jul 31 Pakistan PVC Limited(PPVC)	26.55 ▼ -1.34 (-4.8%)
Siddiqsons Tin / Jul 31 Siddiqsons Tin Plate Limited(STPL)	8.74 ▼ -0.44 (-4.79%)

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Trust Sec.& Brok. / Jul 31 Trust Securities & Brokerage Limited(TSBL)	135,424,379 ▲ 0.15
Dadabhoy Cement / Jul 31 Dadabhoy Cement Industries Limited(DBCI)	81,495,109 ▼ -2.27
Wasl Mobility Mod. / Jul 31 Wasl Mobility Modaraba(WASL)	46,480,208 ▲ 1
Cnergyico PK / Jul 31 Cnergyico PK Limited(CNERGY)	28,010,507 ▲ 0.15
F. Nat.Equities / Jul 31 First National Equities Limited(FNEL)	26,227,956 ▲ 0.05
Pak Int.Bulk / Jul 31 Pakistan International Bulk Terminal(PIBTL)	12,922,828 ▲ 0.16
WorldCall Telecom / Jul 31 Worldcall Telecom Limited(WTL)	12,452,826 ▲ 0.02
Pak Refinery / Jul 31 Pakistan Refinery Limited(PRL)	11,747,157 ▲ 2.86
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Cres.Star Ins. / Jul 31 Crescent Star Insurance Limited(CSIL)	9,742,401 ▲ 0.7