Juventus kicked out of Europa Conference League by UEFA: Details
Serie A club Juventus have been kicked out of the 2023-24 Europa Conference League season by UEFA, besides being fined for breaching Financial Fair Play (FFP) rules. Besides Juventus, Premier League outfit Chelsea have also been fined for breaching FFP rules. As per BBC, this was because of submitting incomplete financial information. UEFA said the matter related to transactions between 2012 and 2019.
Why does this story matter?
Juventus are in a mess of late. Last season, they were punished for being involved in a scandal. They were initially deducted 15 points in Serie A for 'financial irregularities' and 'false accounting' but that was overturned after they appealed. In May, they were again docked 10 points as they ended up finishing seventh. And now, UEFA has handed Juve a massive blow.
Key details about the fines
Juventus have been fined £17.14m, while Chelsea have been fined £8.57m for irregularities done in the Roman Abramovich era. Juventus will only have to pay half of their fine if their financial records for the next three years comply with regulations. On the other hand, Chelsea have already agreed to pay the settlement figure.
Juventus will not appeal the verdict
Juventus club president Gianluca Ferrero said: "We regret the decision of the UEFA. 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," Ferrero added.
