Juventus have officially been excluded from the 2023-24 edition of the Conference League and ordered to pay a €10m fine over financial irregularities, which represents a best-case scenario from UEFA for the Bianconeri.
That can rise to €20m if they fail Financial Fair Play requirements over the next three years. Their place in the Conference League preliminary rounds will be taken by eighth-placed Fiorentina.
The Turin giants have also been handed a hefty fine of €20 million, out of which €10 million is conditional and it will only be charged if they fail to comply with the financial rules in 2023, 2024 and 2025.
It was previously reported that due to the financial irregularities case, Juve had reached an agreement with UEFA to be excluded from the competition while offering the promise that they will not appeal to the CAS and will focus on qualifying for the Champions League for the 2024/25 campaign.
According to UEFA, Juventus are guilty of violating ‘UEFA’s regulatory framework and breaching the settlement agreement signed in August 2022’.
The formal investigation was opened back in December 2022 and concerned player registration rights between 2019 and 2021.
The CFCB, which is UEFA’s financial arm, had agreed on a settlement with Juventus in the past which acknowledged Juventus’ ‘failure to fulfil the break-even requirement; on FFP but it took the pandemic into the equation.
Juve president Gianluca Ferrero said in a statement that the club remains “firmly convinced of the legitimacy of our actions”, but the Bianconeri will not appeal UEFA’s decision.