Fiorentina, who finished seventh in Serie A last season, are expected to take Juventus’ position in the Conference League.
Juventus has been barred from participating in European tournaments due to a financial infraction.
Juventus has been expelled from the Europa Conference League for violating financial fair play rules, according to UEFA.
“Juventus violated UEFA’s regulatory framework…and it was decided to exclude Juventus from the 2023/24 UEFA men’s club competition,” UEFA stated in a statement released on Friday.
On Friday, the Italian conglomerates were also fined 20 million euros ($22 million), with half of that sum suspended.
The 10-million-euro additional penalties will be imposed only if the financial years 2023, 2024, and 2025 fail to achieve their accounting criteria, according to European football’s regulatory body.
In a statement, Juventus stated that they accepted the verdict and would not appeal the fine.
“Juventus, while continuing to consider the alleged violations insubstantial and its actions correct, has declared its acceptance of the decision,” the club said.
They emphasized, however, that this did not “constitute admission of any liability against itself.”
“We regret the UEFA Club Financial Control Body’s decisions,” Juventus president Gianluco Ferrero stated, adding that the club wished “to put an end to a period of uncertainty.”
The “uncertainty about a possible participation in the 2024/2025 Champions League season,” according to Ferrero, could weigh on an appeal procedure.
Fiorentina, who finished seventh in Serie A last season, are expected to take Juventus’ position in the Conference League.
Plea deal
Juventus has been barred from participating in European tournaments due to a financial infraction.
After a plea bargain authorized by the Italian Football Federation tribunal in May, Juventus agreed to pay a fine of more than 700,000 euros ($751,000) for lying about players foregoing payments during the Covid-19 outbreak.
The plea agreement ended a slew of cases involving the Turin team in Italy’s sporting courts.
They were also docked ten points in Serie A following a review of their initial 15-point penalty for illegal transfer activity.
The Italian federation’s disciplinary panel (FIGC) penalized the club 718,240 euros, while seven of its management figures were forced to pay fines ranging from 47,000 to 10,000 euros.
UEFA also reached an agreement with Chelsea on Friday, with the English Premier League club paying 10 million euros for “submitting incomplete financial information” during the reign of Roman Abramovich.
The club’s new owners “identified, and proactively reported to UEFA, instances of potentially incomplete financial reporting under the club’s previous ownership” between 2012 and 2019, according to a UEFA statement.
“Following its evaluation, including the applicable statute of limitations, the CFCB entered into a settlement agreement with the club, which agreed to pay a financial contribution of ten million euros to fully resolve the reported matters.”
