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Juventus have been kicked out of this season\u2019s Europa Conference League by Uefa and fined for breaching Financial Fair Play (FFP) rules.<\/p>\n
European football\u2019s governing body has also fined Chelsea for breaching FFP rules as a result of \u201csubmitting incomplete financial information\u201d.<\/p>\n
Uefa says the matter relates to transactions which took place between 2012 and 2019.<\/p>\n
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Juventus have been fined \u00a317.14m, while Chelsea have been fined \u00a38.57m.<\/p>\n
The Italian club will only have to pay half of their fine if their financial records for the next three years comply with regulations, while Chelsea have already agreed to pay the settlement figure.<\/p>\n
The Blues have spent around \u00a3600m on 19 new players since new owner Todd Boehly took charge of the club in May 2022, but their fine relates to a seven-year period while Roman Abramovich had control of the club.<\/p>\n
Uefa said: \u201cFollowing the club\u2019s sale in May 2022, the new ownership identified, and proactively reported to Uefa, instances of potentially incomplete financial reporting under the club\u2019s previous ownership.\u201d<\/p>\n
The Italian Football Federation (FIGC) must now notify Uefa of which club will replace Juve in the third-tier European competition. It is likely to be Fiorentina, who were beaten by West Ham in last year\u2019s final, after they finished eighth in Serie A.<\/p>\n
The case against Juventus follows a 718,000 euro (\u00a3620,000) fine as part of a settlement agreement with Italian football authorities over a case concerning payment of player salaries.<\/p>\n
Juventus had also been docked 10 Serie A points last season following a hearing into the club\u2019s past transfer dealings.<\/p>\n
They were initially handed a 15-point penalty in January but Italy\u2019s highest sporting court overturned that decision in April and ordered the case to be re-examined.<\/p>\n
They would have finished fourth and qualified for next season\u2019s Champions League had they not been sanctioned.<\/p>\n
In response to the charge, Juventus said they accept Uefa\u2019s decision and will not be lodging an appeal.<\/p>\n
Club president Gianluca Ferrero said: \u201cWe regret the decision of the Uefa. We do not share the interpretation that has been given of our defence, and we remain firmly convinced of the legitimacy of our actions and the validity of our arguments.<\/p>\n
\u201cHowever, we have decided not to appeal this judgment.<\/p>\n
\u201cLodging 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.\u201d<\/p>\n
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