Milan were taken over in 2016 and spent over £170m on new players last summer, including Italian defender Leonardo Bonucci and Portugal striker Andre Silva.
The Adjudicatory Chamber of the Club Financial Control Body (CFCB), chaired by José Narciso da Cunha Rodrigues, has taken a decision in the case of the club AC Milan that had been referred to it by the CFCB Chief Investigator for the breach of the UEFA Club Licensing and Financial Fair Play Regulations, in particular the break-even requirement.