Jack87 news today, Juventus have been banned from next season’s European competition for breaching UEFA’s club licensing and financial fair play rules, while Premier League side Chelsea will pay £10m for submitting incomplete financial information, European soccer’s governing body said on Friday. EUR.1xbet

UEFA’s Club Financial Control Body (CFCB) launched a formal investigation into Juventus in December, months after Juventus was one of eight clubs to settle with UEFA for failing to comply with balance-of-payments requirements one.

In a statement on Friday, European football’s governing body said it would “make an additional financial contribution of 20 million euros to the club.

UEFA added: “Of this amount, €10 million is conditional and will only be implemented if the club’s annual financial statements for the 2023, 2024 and 2025 financial years do not comply with accounting requirements.”

Juventus, who finished seventh in Serie A last season and qualified for the La Liga play-offs, said they had waived their right to appeal the decision but maintained their innocence.1xbet mobile

“We disagree with the interpretation of our defense and we remain convinced of the legality of our actions and the validity of our arguments. However, we have decided not to appeal this judgment,” said Juventus president Gianluca Ferrero.

Ferrero added that Juventus’ decision not to appeal was in line with the policy they adopted when they reached a settlement with the Italian Football Federation (FIGC) in May, opting to pay a €718,000 fine and not challenge the 10-point penalty.

“In this context, we want to end the period of uncertainty and ensure that our internal and external stakeholders have full visibility and certainty regarding the club’s participation in future international competitions,” Ferrero said.

“An appeal, potentially appealing to other levels of judgment, with uncertain outcome and timing, will add to the uncertainty of our eventual participation in the 2024-25 UEFA Champions League.”1xbet app

Divisional league qualifiers for the 2023-24 season started earlier this month.

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UEFA also settled with Chelsea, the London club before being bought by the Boehly-Clearlake consortium in 2022, for submitting incomplete financial information relating to “historical transactions” between 2012-19.

UEFA said: “Following the sale of the club in May 2022, the new ownership identified possible incomplete financial reporting under the club’s previous ownership and proactively reported it to UEFA.”

“Following an assessment, including the applicable statute of limitations, the First Chamber of Commerce of the CFCB entered into a settlement agreement with the club, whereby the club agreed to pay a financial contribution of 10 million euros to fully resolve the reported issues.”

Chelsea are 12th in the Premier League after a tumultuous season and will not play European competition in 2023-24.1xbet promotion

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