Juventus banned by UEFA from competing in this season's Europa Conference League due to breaches of financial fair play

According to UEFA Juventus have experienced a significant backlash. The Italian team has been barred from competing in the Europa Conference League. The organisation that oversees European football, for breaking its team Licencing and Financial Fair Play regulations.

The Turin giants had been under investigation for financial irregularities and a violation of UEFA's rules. The enquiry, which was overseen by the CFCB, has finally reached the conclusion that the club would not be permitted to participate in the UEFA Europa Conference League for the forthcoming season.

To exclude Juventus from the 2023-24 UEFA men’s club competition: UEFA

A statement by UEFA was released that stated, "The CFCB First Chamber concluded that Juventus (ITA) violated the UEFA’s regulatory framework and breached the settlement agreement signed in August 2022. As a result, the CFCB First Chamber terminated the settlement agreement concluded with the club."

"To exclude Juventus from the 2023/24 UEFA men’s club competition; and to impose an additional financial contribution of €20m on the club. Of this amount, €10m is conditional and will only be enforced if the club’s annual financial statements for the financial years 2023, 2024 and 2025 do not comply with the accounting requirements as defined in Annex G of the UEFA Club Licensing and Financial Sustainability Regulations."

Juventus has opted not to appeal the ruling despite the ban and continues to insist on its innocence. Gianluca Ferrero, the club's chairman, said that although they disagree with how their defence has been interpreted, they would rather put an end to the time of ambiguity surrounding their participation in international games.

This strategy is consistent with their earlier agreement with the Italian football federation, in which they forgave the offence and agreed to a point punishment without paying a fee. Given that Juventus previously placed seventh in Serie A. So they advanced to the competition's knockout phase, the club's elimination from the Europa Conference League is a serious setback.

Chelsea of the Premier League has also experienced consequences from UEFA, in addition to Juventus. The London-based club was assessed a 10 million euro penalty for providing false or misleading financial data on past transactions that took place between 2012 and 2019.