Juventus were expelled from this season’s Europa Conference League by UEFA and fined for violating Financial Fair Play (FFP) laws.
European football’s governing body has also fined Chelsea for breaching FFP rules by “submitting incomplete financial information”.
UEFA claims the lawsuit concerns transactions that took place between 2012 and 2019.
Juventus were fined 17.14 million pounds, while Chelsea were fined 8.57 million pounds.
The Italian club will only have to pay half of the fine if their financial statements for the next three years comply with the regulations, while Chelsea have agreed to pay the settlement amount.
The Blues have spent around £600m on 19 new players since new owner Todd Boehly took the helm of the club in May 2022, but their fines are for seven years during Roman’s time. Abramovich controls the club. UEFA says:
“Following the sale of the club in May 2022, the new owner proactively identified and reported to UEFA instances of potentially incomplete financial reporting under the previous owner of the club. club.”
In response, Chelsea said it had “cooperated and fully supported UEFA” in the investigations and “reached a settlement agreement” with the governing body.
“Following the Club Ownership Group fundamentals of full compliance and transparency with our governing bodies, we are grateful that this matter has ended with the initiative to save money. information disclosure to UEFA and an agreement to thoroughly resolve the reported issues,” the Prime Minister said to the Federation. club
The Italian Football Federation (FIGC) must now notify UEFA which club will replace Juve in Europe’s third division. That will likely be Fiorentina, who were beaten by West Ham in the final last year after finishing eighth in Serie A.
The lawsuit against Juventus follows a fine of 718,000 euros (£620,000) as part of a settlement with Italian football authorities over an incident involving the payment of players’ wages.
Juventus also scored 10 Serie A points last season following a hearing on the club’s past transfers. They were initially fined 15 points in January, but Italy’s top sports court overturned that decision in April and ordered a review of the case.
They would have finished in 4th place and qualified for next season’s Champions League if not for the penalty.
In response to the allegation, Juventus said it accepted UEFA’s decision and would not appeal.
Club President Gianluca Ferrero said:
“We regret UEFA’s decision. We do not share the explanations offered to defend ourselves and we remain firmly convinced of the legitimacy of our actions and the merits of our arguments. we. “However, we have decided not to appeal this ruling.
“The filing of an appeal, possibly at other levels of judgment, with uncertain outcome and timing, will add to the uncertainty of our ability to qualify for the UEFA Champions League 2024/25.”
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As they continue to defend their case, Juventus’ decision not to appeal the sanctions means it will be the final blow to the club for attempting to manipulate financial rules to make up. large losses and their ability to buy more players.
In addition to Mrs May being deducted 10 points, key officials including former vice-chairman Pavel Nedved and sporting director Fabio Paratici, who later moved to Tottenham, were fined by the FIGC.
Now UEFA has their say.
Juventus has triggered a major management overhaul since these problems emerged. They also marked their intention to abandon the European Super League project that former president Andrea Agnelli believed in.
It means they miss out on European football for the first time since 2011-12, although they have won the title instead this season, the first time in nine consecutive games they can hope that. is a premonition.