UEFA ban Juventus for breaching financial fair play

<p>Juventus have been kicked out of next season’s Europa Conference League on Friday for breaching financial fair play rules, UEFA announced.</p>, <p>The Italian giants were also fined 20 million euros ($22 million) with half that amount suspended.</p>, <p>“Juventus violated UEFA’s regulatory framework…and it was decided to exclude Juventus from the 2023/24 UEFA men’s club competition,” said a UEFA statement.</p>, <p>European football’s governing body said the 10-million-euro additional fine will only be applied if the 2023, 2024 and 2025 financial years do not meet their accounting requirements.</p>, <p>Juventus said in a statement that they accepted the decision and would not appeal the sanction.</p>, <p>“Juventus, while continuing to consider the alleged violations insubstantial and its actions correct, has declared to accept the decision,” the club said.</p>, <p>However, they insisted that this did not “constitute admission of any liability against itself”.</p>, <p>“We regret the decisions of the UEFA Club Financial Control Body,” said Juventus president Gianluco Ferrero who added the club preferred “to put an end to a period of uncertainty”.</p>, <p>Ferrero highlighted the “uncertainty about a possible participation in the 2024/2025 season of the Champions League” that could weigh on an appeal procedure.</p>, <p>Fiorentina, who finished in eighth place in Serie A last season, are likely to replace Juventus in the Conference League.</p>, <p>In May, Juventus agreed to pay a fine of more than 700,000 euros ($751,000) for lying about players foregoing wages during the Covid-19 pandemic after a plea bargain approved by the Italian Football Federation tribunal.</p>, <p>The plea deal brought to an end a series of cases in Italy’s sporting courts involving the Turin club.</p>, <p>They were also handed a 10-point deduction in Serie A after a revision of their initial 15-point penalty inflicted on the club over illicit transfer activity.</p>, <p>The disciplinary tribunal of the Italian federation (FIGC) said it had fi