Juventus removed from European competition by UEFA for financial wrongdoing
NYON, Switzerland (AP) — Juventus had its place in European competitors this season eliminated by UEFA due to a false accounting case that had already taken the membership out of Champions League qualification.
Juventus now loses its spot within the third-tier Europa Conference League, which ought to go to Fiorentina within the playoffs spherical beginning on Aug. 24.
UEFA mentioned Friday that Juventus additionally should additionally pay a nice of €10 million (US$11 million) for breaking Financial Fair Play guidelines. An additional €10 million (US$11 million) may very well be deducted if the membership fails to adjust to UEFA monetary monitoring guidelines in future seasons.
The UEFA punishment for Juventus was anticipated since final season when the membership was deducted 10 factors in Serie A.
UEFA mentioned its membership finance investigators dominated Juventus violated the phrases of a settlement agreed with the membership final yr.
In a separate case, Chelsea can even pay a settlement of €10 million ($11 million) to UEFA for incorrect monetary info submitted between 2012 and 2019 when the membership was owned by Russian oligarch Roman Abramovich.
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