• Tue. May 28th, 2024

Juventus banned from Europa Conference League and handed £17.1million fine for breaching Financial Fair Play rules

Bynewsmagzines

Jul 28, 2023
Juventus banned from Europa Conference League and handed £17.1million fine for breaching Financial Fair Play rules

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Juventus have been kicked out of Europe this season by UEFA for breaching Financial Fair Play rules.

Massimiliano Allegri’s side will not compete in the Europa Conference League, where they were one of the favourites to win the third-tier competition.

Juventus will not play in the Europa Conference League this season

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Juventus will not play in the Europa Conference League this seasonCredit: Getty
UEFA have punished the Italian side for breaching FFP rules

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UEFA have punished the Italian side for breaching FFP rulesCredit: Getty

The Serie A side, who came seventh last term, have also been handed a mammoth £17.1million fine by European football’s governing body.

Though the Italian outfit will only have to pay half of that figure as long as comply with UEFA guidelines for the next three campaigns.

Juventus’ breaches relate to player registration rights between 2019 and 2021.

Fiorentina, who lost to West Ham in last season’s Europa Conference League final, will now likely replace Juve after they finished eighth in the Italian top-flight.

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The Old Lady have declared they will not be fighting UEFA’s verdict and have accepted their decision.

In a club statement, Juventus president Gianluca Ferrero said: “We regret the decision of the UEFA Club Financial Control Body.

“We do not share the interpretation that has been given of our defence, and we remain firmly convinced of the legitimacy of our actions and the validity of our arguments.

“However, we have decided not to appeal this judgement. This decision is in line with the one taken last May in the context of the disputes with the FIGC.

Juve have also been handed a £17.1m fine by the European football's governing body

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Juve have also been handed a £17.1m fine by the European football’s governing bodyCredit: Getty

“As in that case, we prefer to put an end to the period of uncertainty and ensure full visibility and certainty to our internal and external stakeholders about the club’s participation in future international competitions.

“Lodging an appeal, possibly to other levels of judgement, with uncertain outcomes and timing, would increase the uncertainty with respect to our eventual participation in the 2024/25 Champions League.

“Instead, we want the first team, our fans, our sponsors, suppliers and financial partners to be able to experience the 2023/24 season with the utmost serenity and certainty with respect to the results achievable on the pitch, especially after the turbulent past season.

“Despite this painful decision we can now face the new season by focusing on the field and not on the courts.

“We now focus our attention on the Championship and the Italian Cup: we will do our utmost to give our fans the greatest possible satisfaction in these competitions.”

Juve have endured a difficult 12 months having been handed a ten-point deduction in Serie A as a result of alleged financial irregularities and transfer dealings that saw the price of players inflated.

Meanwhile top executives at the club have been suspended for their roles in the case, including Fabio Paratici, who was forced to step down from his role as Tottenham’s managing director of football having been handed a 30-month worldwide ban from football by FIFA.

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