Juventus banned from Europa Conference League and Chelsea in for a more serious trouble with FFP rule; Details here
Juventus banned from Europa Conference League and Chelsea in for a more serious trouble with FFP rule; Details here
Juventus have been banned from this season’s Europa Conference League by UEFA for Financial Fair Play (FFP) breaches.
Chelsea, meanwhile, have been fined after UEFA also found them guilty of FFP violations.
Juve have been fined £17.14m, while Chelsea have been fined £8.57m.
Juve’s punishment comes after their capital gains scandal in Italy which saw them docked 10 points last season.
Regarding the UEFA ban, Juve say they won’t be appealing. 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.”
Meanwhile, the Chelsea fine relates to budgets between 2012 and 2019.
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.”
In a response, Chelsea said they “fully co-operated and assisted Uefa” in their investigations and “entered into a settlement agreement” with the governing body.
“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.
