Earlier today, Juventus announced they wouldn’t appeal the decision by UEFA’s Club Financial Control Body (CFCB) to ban them for one year from UEFA competitions in addition to significant fines.
While admitting no wrongdoing, the Bianconeri revealed they’ll accept the punishment from UEFA despite disagreeing with the conclusions their investigation found.
“Juventus informs that today the First Chamber of the UEFA Club Financial Control Body has taken the decision to definitively close the proceeding initiated in December 2022,” began their statement.
“The investigation was aimed at verifying the respect of the UEFA regulatory framework, Juventus, while continuing to consider the alleged violations insubstantial and its actions correct, has declared to accept the decision by waiving to appeal, expressly excluding, with the UEFA CFCB acknowledgment, that this may constitute admission of any liability against itself.”
Bianconeri president Gianluca Ferrero also released a statement, further clarifying the club’s stance on the situation.
“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,” Ferrero stated.
“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.”
He added, “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.”
Finally, “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.”