European Governing Body bans Juventus from Europa Conference League; fines Chelsea for incomplete financial information submission

UEFA (Source: Twitter)

The governing body of European Football has banned the Italian club Juventus from participating in Europa Conference League due to violations of the Financial Fair Play rules and its club licensing. As there were concerns about financial regulations of Juventus in December last year, UEFA had a formal investigation by the Club Financial Control Body.  

In its statement, UEFA said they 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” and mentioned the sanctions upon the club.  

'We will not appeal this judgment' - Juventus Chairman

Despite the ban, Juventus has not appealed the decision. “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," Juventus Chairman said after an additional 20 million euros was sanctioned on them by UEFA.  

"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. Appealing, possibly to other levels of judgment, with uncertain outcomes and timing, would increase the uncertainty with respect to our eventual participation in the 2024-25 UEFA Champions League.” said the chairman of Juventus.  

As Juventus attained a ban, the Premier League Club Chelsea has faced reverberation from UEFA. The club from London has been fined 10 million euros for submitting incomplete financial information regarding past transactions from 2012 to 2019. This fact was found after the change of ownership in 2022. Boehly-Clearlake consortium reported the facts to UEFA. Chelsea will not be participating in the 2023-24 season in Europe, as they did not have a great season in the Premier League and finished 12th in the league.