Juventus have officially been excluded from the 2023-24 edition of the Conference League and ordered to pay a €10m fine over financial irregularities, which represents a best-case scenario from UEFA for the Bianconeri.
That can rise to €20m if they fail Financial Fair Play requirements over the next three years.
Their place in the Conference League preliminary rounds will be taken by eighth-placed Fiorentina.
“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 and decided:
“To exclude Juventus from the 2023/24 UEFA men’s club competition;
“And impose an additional financial contribution of €20 million on the club. Of this amount, €10 million 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.”
The club was docked 10 points in the Serie A table in May for artificially inflating transfer fees to boost capital gains.
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That saw them ultimately drop down from third place to seventh, qualifying not for the Champions League or even Europa League, but the Conference League.
Considering that was the situation, Juve lawyers worked with UEFA to essentially accept a plea bargain, excluding them from European competition for one year while they had after all only been involved in the smaller tournament.
This can wipe the slate clean and also be considered a way of mending the bridges with UEFA that were burned during the Andrea Agnelli era over the Super League project.
Juventus under new management have been eager to distance themselves as much as possible from that era, which also involved officially quitting the Super League last month, leaving only Real Madrid and Barcelona still attached.