As widely anticipated, Juventus have been excluded from the 2023/2024 edition of the European Conference League. UEFA communicated its decision Friday, seven months after opening an inquiry. The Bianconeri pay the price for Financial Fair Play violations stemming from the same infractions that led to their ten-point deduction last season.
The Old Lady has also been handed a €20M fine. Half of it is conditioned and will come into effect only if the balance sheets don’t abide by the parameters of financial sustainability for the next three years, Calcio e Finanza reports.
Fiorentina will play in the European Conference League due to Juventus being kicked out. The Bianconeri had managed to finish seventh despite the punishment. They were found guilty of doctoring the numbers through fake capital gains while Andrea Agnelli and Fabio Paratici were in charge.
The Bianconeri announced that they wouldn’t prolong the legal battle.
“Despite reaffirming the correctness of our action and the basis of their defenses, Juventus decided to accept the decision as final and binding and renounce to appealing, considering this choice to be in the best interest of the club and its stakeholders.”
The former president and some execs are the only ones still fighting the charges in the courtrooms.
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