UEFA bans Juventus from this season’s Europa Conference League for FFP breach

Football
Steven
July 29, 2023

Juventus (Source: Twitter)

One of the greatest clubs of the Serie A, Juventus have received a major setback this season. UEFA, the governing body for European football, has banned the team from participating in the Europa Conference League due to violations of its Club Licensing and Financial Fair Play rules. The decision came after a formal investigation was initiated by the UEFA Club Financial Control Body (CFCB) in December,

The punishment of UEFA includes a penalty of 20 million euros for Juventus. However, half of this amount, which is 10 million euros will be implemented if the club’s financial statements for the years 2023, 2024, and 2025 failed to meet the requirements.

“It would impose an additional financial contribution of 20 million euros on the club. Of this amount, 10 million euros is conditional and will only be enforced if the club’s annual financial statements for the financial years 2023, 2024, and 2025 do not comply with the accounting requirements,” UEFA was quoted as saying in the statement.

Would increase the uncertainty with respect to our eventual participation in the 2024-25 UEFA Champions League: Gianluca Ferrero

Despite the ban, Juventus have decided not to challenge the decision. Club Chairman Gianluca Ferrero has opined that they are not happy with the interpretation of their defense. They would rather put an end to the uncertainty that has been surrounding their participation in international competitions. This strategy is consistent with their earlier agreement with the Italian football federation, in which they forgave the offense and agreed to a point punishment without paying a fee.

“We do not share the interpretation that has been given of our defense, 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 judgment. ,” Juventus Chairman asserted.

“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 UEFA Champions League,” Ferrero added.