UEFA officially punishes Juventus by banning him from European competition
UEFA officially punishes Juventus by banning him from European competition. Harsh sanctions were given to Juventus and banned from competing in Europe for the 2023/2024 season.
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In a release released on Friday, UEFA ruled Juventus breached Financial Fair Play rules and banned from competing in Europe. In this case, Juventus cannot compete in the UEFA Europa Conference League 2023/2024 season.
Juventus found guilty by UEFA of alleged Financial Fair Play breaches
"... concluded that Juventus (ITA) breached UEFA's regulatory framework and breached the settlement agreement signed in August 2022. As a result, the CFCB's First Chamber terminated the settlement agreement made with the club and decided; to exclude Juventus from the 2023/24 UEFA club competitions; And to impose an additional financial contribution of 20 million euros. Of this amount, €10m is conditional, and will only apply if the club's annual financial statements for the financial years 2023, 2024, and 2025 do not meet the accounting requirements, as defined in Annex G to the Licensing, Regulations, and Financial Resilience Regulations," UEFA wrote.
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Juventus were found guilty by UEFA of alleged Financial Fair Play breaches. The Italian league giants were accused of falsifying the value of the transfer and its financial statements related to capital gains.
It happened during the pandemic when Juventus players suffered a salary reduction for four months. It turned out that Juventus management only one month reduced the salaries of its stars. The other three months were not reported in his report, thus avoiding taxes.
From there, UEFA began to sniff out Juventus' 'game'. Finally, the punishment was given to Massimilano Allegri's team.
Last season, Juventus was also sanctioned with a points deduction so it finished seventh in the Italian League season 2022/2023. Now, Juventus is completely out of Europe after being punished by UEFA.