Juventus have been booted out of this season’s Europa Conference League by Uefa due to Financial Fair Play (FFP) breaches.
The Italian club was fined £17.14m, and they’ll only need to pay half of it if they comply with regulations for the next three years.
Meanwhile, Chelsea was also fined £8.57m for FFP violations related to incomplete financial information submitted between 2012 and 2019.
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Uefa said: “Following the club’s sale in May 2022, the new ownership identified, and proactively reported to Uefa, instances of potentially incomplete financial reporting under the club’s previous ownership.”
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Chelsea’s spending spree, under new owner Todd Boehly, resulted in fines for a seven-year period when Roman Abramovich controlled the club. They have agreed to pay the settlement figure and cooperated with Uefa during the investigation. As a result, Chelsea stated that they value compliance and transparency with regulators.
“In accordance with the club’s ownership group’s core principles of full compliance and transparency with its regulators, we are grateful that this case has been concluded by proactive disclosure of information to Uefa and a settlement that fully resolves the reported matters,” said the Premier League club.
The Italian Football Federation (FIGC) must now inform Uefa about Juventus’ replacement in the Europa Conference League. Fiorentina is likely to take their spot, given their previous performance in Serie A.
Juventus previously faced a fine of £620,000 and a 10-point deduction in Serie A over a case concerning player salary payments. Despite their disagreement with Uefa’s decision, Juventus will not appeal it to avoid further uncertainty regarding their participation in the 2024/25 Uefa Champions League.
Club president Gianluca Ferrero said: “We regret the decision of the Uefa. 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 judgment.
“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.“
