UEFA introduced that it could ban Italian soccer membership Juventus from the 2023-24 Conference League for violating the Financial Fair Play (FFP) guidelines.
“The decision of the First Chamber of the UEFA CFCB (Club Financial Control Body) entails the termination of the Settlement Agreement between UEFA and Juventus dated 31 August 2022 and the exclusion of Juventus from the UEFA Conference League of the sports season 2023/2024,” Juventus stated in a press release.
The Turin membership acknowledged that they’re required to pay 20 million euros (roughly $22 million) on account of the UEFA CFCB resolution.
It added that half of the 20 million euro superb is conditional, which implies that an extra 10 million euros can be imposed if Juventus fail to adjust to the UEFA laws for the 2023, 2024 and 2025 monetary years.
“We regret the decision of the UEFA Club Financial Control Body. 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,” Juventus stated, including that the membership won’t attraction the judgment.
Juventus accomplished the 2022-23 Italian Serie A within the seventh spot, however as a result of UEFA resolution, the Bianconeri will be unable to compete within the UEFA Europa Conference League this season.
Fiorentina, who ended the Italian league within the eighth place, will substitute Juventus on this competitors.
Source: www.dailysabah.com
