Juventus Faces Europe Exclusion in the 2023-24 Season

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Juventus has been expelled from the upcoming season's Europa Conference League due to breaches of financial fair play regulations. The investigation into both Juventus and Chelsea began during the 2022-23 season, focusing on potential violations of UEFA's Club Licensing and Financial Fair Play rules.

In an official statement released today, UEFA confirmed that Juventus had indeed violated its regulatory framework and breached a settlement agreement signed in 2022. As a consequence, the club will be excluded from participating in UEFA competitions in the upcoming season. Additionally, Juventus has been fined 20 million euros (£17.1 million), with half of that amount being conditional. The conditional part of the fine will only be enforced if the club's financial statements over the next three years continue to breach the regulations.

On the other hand, Chelsea reached a settlement with UEFA, agreeing to pay 10 million euros (£8.57 million) for "submitting incomplete financial information" during the period when Roman Abramovich was the club's owner. The financial penalty stems from a seven-year period when Abramovich had control of the club, during which Chelsea spent approximately £600 million on 19 new players.

UEFA's statement regarding Chelsea mentioned that the new ownership, which took charge in May 2022, proactively identified and reported instances of potentially incomplete financial reporting related to historical transactions between 2012 and 2019.

In response to the UEFA decision, Juventus issued a statement indicating that they will not be appealing the judgment. Club president Gianluca Ferrero expressed regret about UEFA's decision and disagreed with the interpretation given to their defense. Nonetheless, they decided not to appeal to avoid further uncertainty about their eventual participation in the 2024/25 UEFA Champions League. Instead, the club wants its first team, fans, sponsors, suppliers, and financial partners to experience the 2023/24 season with confidence and tranquility, especially after a turbulent past season.

It's worth noting that Juventus had also faced consequences in the previous Serie A season when they were deducted 10 points following a hearing into prior transfer dealings. Initially, they were handed a 15-point penalty in January, but the decision was overturned in April by Italy's highest sporting court, leading to a re-examination of the case. Despite the deduction, Juventus narrowly missed finishing in the top four, which would have secured their qualification for the Champions League.

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