BREAKING: Juventus banned from European football for 2023/24 season
- Juventus have been banned from the Europa Conference League
- The club have also been fined for financial irregularities
UEFA have confirmed that Juventus have been banned from European football for the 2023/24 season.
The Turin giants had been under investigation for financial irregularities and a breaching of UEFA's regulatory framework, and the investigation headed by the CFCB has now concluded that the club will not be allowed to compete in the UEFA Europa Conference League during the upcoming season.
On top of that punishment, the club have also been fined €10m (£8.5m).
A statement on the UEFA website regarding the punishment reads: "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 to impose an additional financial contribution of €20m on the club. Of this amount, €10m 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."