Juventus was expelled from the Conference League and fined heavily by UEFA for flouting the FFP regulations

Juventus was expelled from the Europa Conference League for the next season on Friday, according to UEFA, for breaking the regulations of financial fair play.

A punishment of 20 million euros ($22 million) was also imposed on the Italian heavyweights, with half of it postponed.

“Juventus broke the rules set out by UEFA…Juventus will not participate in the 2023–24 UEFA Men’s Club Competition, it was determined, according to a UEFA statement.

The 10-million-euro supplementary penalties, according to the organization that governs European football, will only be imposed if the 2023, 2024, and 2025 financial years fail to comply with accounting standards.

In a statement, Juventus said that they had accepted the ruling and will not be challenging the penalty.

Juventus has said that it would accept the ruling even if it continues to believe the alleged infractions are unimportant and its actions are right.

They argued that this did not “constitute admission of any liability against itself,” nonetheless.

Gianluco Ferrero, the president of Juventus, said, “We regret the decisions of the UEFA Club Financial Control Body,” adding that the club would have liked “to put an end to a period of uncertainty.”

Ferrero emphasized the “uncertainty about a possible participation in the 2024/2025 season of the Champions League” that may affect an appeal process.

Juventus will probably be replaced in the Conference League by Fiorentina, who placed seventh in Serie A last year.

Following a plea agreement that was accepted by the Italian Football Federation tribunal, Juventus agreed to pay a fine of more than 700,000 euros ($751,000) for lying about players forgoing earnings during the Covid-19 outbreak.

The plea agreement put an end to a slew of proceedings involving the Turin team before Italy’s sports courts.

Additionally, a 15-point punishment for illegal transfer activity against the club was reduced to a 10-point loss in Serie A.

The club was penalized 718,240 euros, according to the Italian federation’s (FIGC) disciplinary tribunal, while seven members of its administration were also given penalties ranging from 47,000 to 10,000 euros.

In another settlement struck on Friday, UEFA agreed to pay Chelsea 10 million euros in restitution for “submitting incomplete financial information” when Roman Abramovich was owner of the English Premier League team.

The club’s new owners “identified, and proactively reported to UEFA, instances of potentially incomplete financial reporting under the club’s previous ownership” between 2012 and 2019, according to a UEFA statement.

“Following its assessment, including the applicable statute of limitations, the CFCB entered into a settlement agreement with the club, which has agreed to pay a financial contribution of 10 million euros to fully resolve the reported matters.”