“Juventus” will not play in European Cups next season

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"Juventus" will not play in European Cups next season

Illustrative photo from open sources

< p>The first chamber of the Financial Control Committee for Club Activities (FCB) of the Union of European Football Associations (UEFA) excluded the Italian football club "Juventus" from competitions under the organization's auspices in the 2023/24 season. This is reported by UEFA.

CFCB concluded that "Juventus" violated the rules of licensing and financial fair play. Also, the club must pay an additional financial contribution of 20 million euros, of which 10 million euros are conditional. They must be entered only if the annual financial statements of the club do not comply with accounting requirements.

At the end of May, “Juventus” deprived  of 10 points in the Italian championship for the 2022/23 season due to financial fraud, including the creation of fictitious accounting statements and the use of gray schemes in the payment of monetary compensation. Losses of “Juventus” for the year 2022 amounted to a record 239.3 million euros.

According to the results of the season, the Turin team took seventh place in the national championship, it was supposed to play in the qualification of the Conference League for the 2023/24 season.

The club will replace “Fiorentina”, which took eighth place, in the tournament. Last season, the team from Florence lost in the finals of the Conference League to the English “West Ham”. (1:2).

UEFA also reported that the English “Chelsea” agreed to pay 10 million euros for incomplete reporting of financial transactions between 2012 and 2019.

On November 29, 2022, the majority of Juventus' board of directors, including president Andrea Agnelli and vice-president Pavel Nedved, announced his resignation.

On December 1, 2022, the Turin prosecutor's office prepared a summons to bring Agnelli to trial. He and other managers were suspected of irregularities in the financial management of “Juventus”.

In particular, the investigation related to the provision of incorrect financial data, manipulations and inflated purchase amounts of players, including the Portuguese striker Cristiano Ronaldo, who advocated for " Juventus” from 2018 to 2021.

The management of "Juventus" were accused of spreading false information about the club's financial condition, market manipulation, providing false declarations of income for non-existent operations, creating obstacles to audit control.

Prepared by: Serhiy Daga