If one of the preconditions is met, the club must, among other things, present a long-term business plan and “present an irrevocable commitment on the part of one or more participants and/or its partners and relatives to contribute an amount corresponding to at least the aggregate future termination deficits for all periods covered by the voluntary agreement. The irrevocable obligation must be demonstrated by a legally binding agreement between the lessee and the equity participant and/or the related party” and, if requested by UEFA, must be accompanied by a guarantee or other form of guarantee that the investigating chamber deems satisfactory. Although the sanctions can be very severe, UEFA said that the objectives of financial fair play in football could be achieved through a rehabilitating approach and not a punitive approach, which led to the conclusion of settlement agreements between the clubs and the UEFA CFCB. The Court of Arbitration for Sport (CAS) has approved the voluntary acceptance by AC Milan (the “Club”) of a one-year ban on UEFA club competitions for the settlement of breaches of UEFA`s licensing and financial fair play rules during the three years 2014-2017 and 2015-2018. . .