During the 2022/23 season, the CFCB First Chamber, chaired by Sunil Gulati, opened investigations into Juventus (ITA) for potential breaches of the UEFA Club Licensing and Financial Fair Play regulations.
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 €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.
STATEMENT BY PRESIDENT GIANLUCA FERRERO:
“We regret the decision of the UEFA Club Financial Control Body. We do not share the interpretation that has been given of our defense, and we remain firmly convinced of the legitimacy of our actions and the validity of our arguments.“However, we have decided not to appeal this judgment. This decision is in line with the one taken last May in the context of the disputes with the FIGC. As in that case, we prefer to put an end to the period of uncertainty and ensure full visibility and certainty to our internal and external stakeholders about the club’s participation in future international competitions. Lodging an appeal, possibly to other levels of judgement, with uncertain outcomes and timing, would increase the uncertainty with respect to our eventual participation in the 2024/25 UEFA Champions League. Instead, we want the first team, our fans, our sponsors, suppliers and financial partners to be able to experience the 2023/24 season with the utmost serenity and certainty with respect to the results achievable on the pitch, especially after the turbulent past season.
“Despite this painful decision we can now face the new season by focusing on the field and not on the courts.
“We now focus our attention on the Championship and the Italian Cup: we will do our utmost to give our fans the greatest possible satisfaction in these competitions.”