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Juventus release statement following European suspension.
Juventus has stated that they do not intend to challenge UEFA’s decision to exempt the team from participating in European competitions for the 2023–2024 season.
Following an investigation by the CFCB over the club’s violation of UEFA’s rules, it was determined that Juventus will miss the upcoming season of the Europa Conference League and be fined €10 million (£8.5 million).
In a statement now released by the club itself regarding the news, club president Gianluca Ferrero has revealed that while Juventus do not agree with the conclusion of the investigation, they will not appeal the decision made:
“We regret the decision of the UEFA Club Financial Control Body. 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.
“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.”