UEFA excludes Juventus from the Conference League

The First Chamber of the UEFA Club Financial Control Committee (CFCB) announced this Friday to exclude Juventus from the Conference League for possible infringements of the Club Licensing and Financial Fair Play regulations of the body chaired by Aleksander Ceferin.

“The First Chamber of the CFCB concluded that Juventus violated the UEFA regulatory framework and breached the resolution agreement signed in August 2022. Consequently, the CFCB First Chamber rescinded the resolution agreement entered into with the club and decided to exclude Juventus from the 2023/24 UEFA men's club competition,” UEFA said in an official statement.

In addition, it will impose on the Italian club an “additional financial contribution of 20 million euros, of which 10 are “conditional” and will only be executed if Juventus' annual financial statements for the years 2023, 2024 and 2025 “do not meet the requirements accounting standards defined in Annex G of the UEFA Club Licensing and Sustainability Regulations”.

The CFCB also concluded that Chelsea were in breach of UEFA's Club Licensing and Financial Fair Play Regulations “by having submitted incomplete financial information”.

“Following the sale of the club in May 2022, the new ownership identified, and proactively notified UEFA, instances of potentially incomplete financial reporting under the club's previous ownership.. The notified matters referred to historical transactions that took place between 2012 and 2019,” the football body said in the aforementioned statement.

“After its evaluation, including the applicable limitation period, the First Chamber of the CFCB reached an agreement with the club (Chelsea), which has agreed to pay a financial contribution of 10 million euros to fully resolve the reported issues,” he concluded. .