Reports suggest that Juventus will not be participating in European competitions during the 2023/24 season due to issues related to financial fair play. The club, known for its rich history and success, has faced off-field controversies in the past, including a match-fixing scandal that led to their relegation from Serie A in 2006. This time, the club was deducted ten points and investigated for false accounting in their transfer dealings, resulting in repercussions.
The punishment came in May, which saw the ‘Old Lady’ drop from their second-place position in Serie A to seventh place after the points deduction. While they initially qualified for the Europa Conference League, recent reports indicate that an agreement has been reached between Juventus and UEFA to withdraw from European competitions altogether this season. This decision aims to avoid further penalties and preserve their aspirations of participating in the UEFA Champions League in the 2024/25 campaign.
Massimiliano Allegri retains the helm
For the new hierarchy at Juventus, the reported agreement with UEFA is seen as a necessary sacrifice to comply with financial fair play regulations and set the stage for a fresh start. Although the club’s off-field troubles impacted their performance last season, they managed to reach the semi-finals of the Europa League under the guidance of manager Massimiliano Allegri. However, they were ultimately eliminated by eventual winners Sevilla.
Despite the disappointment on the pitch, Allegri has retained his position as the club’s manager. In recent weeks, Juventus has also been linked with a potential transfer for striker Romelu Lukaku, who is expected to leave Chelsea after his loan spell at Inter Milan.
The absence of Juventus in European competitions this season will undoubtedly be a blow for the club and its passionate fanbase. However, it presents an opportunity for the team to focus on domestic competitions and rebuild their reputation in the aftermath of the financial fair play investigation.
Juventus have won UEFA Champions League on two occasions, first in 1985 and then in 1996. Additionally, they have also won the UEFA Europa League on three occasions, namely in 1977, 1990, and 1993.