Juventus may be expelled from the Champions League for potential Financial Fair Play (FFP) infractions as La Liga demanded more punishments against the Italian club.
La Liga has issued a statement demanding Juventus be penalized for allegedly violating Financial Fair Play (FFP) regulations affecting Champions League predictions. There are allegations that the governing body of the Spanish league has urged UEFA to investigate the Italian giants.
If the rumors are true, the team may be penalized and expelled from the Champions League if the sanctions are excessive.
The Old Lady and a handful of other UEFA clubs were found to have violated FFP regulations in September. However, Juventus received one of the largest penalties.
Their first sentence contained a substantial sum of money: £19.8 million. It was lowered to £3 million as part of a settlement, which would be deducted from the club’s European earnings.
Old Lady of Turin Stumbles
Even though Managing Director Maurizio Arrivabene’s other administrative staff has already resigned, he will continue to oversee his administrative duties as the club undergoes a significant transformation.
Arrivabene is temporarily in charge as the team searches for a new head. However, the club is in chaos, and rumors of financial misconduct persist. La Liga alleged in its statement, among other things, that Juventus spent more than “fair value” for transfer players and concealed the full scale of their labor costs.
Juventus President Andrea Agnelli and Vice President Pavel Nedved resigned following an inquiry into allegedly fraudulent accounting and communication, including salary payment during the Covid-19 epidemic.
La Liga has already lodged formal concerns about Juventus’ financial situation, and now it desires additional action to ensure Champions League predictions today are excellent.
“After the Juventus Board of Directors departed late on Monday, November 28, LaLiga has requested that the club be sanctioned immediately,” a statement said.
“More particularly, the case alleges that Juventus exaggerated transfer fees and undervalued personnel expenditures, violating UEFA breakeven regulations. In addition, the lawsuit alleges that Juventus concealed the precise player salaries.
In the same statement that announced the departure of its Board of Directors on Monday, Juventus admitted to financial accounting irregularities designed to deceive UEFA’s financial fair play authorities, among others.
“LaLiga has been following its economic control guidelines for nearly a decade at the request of its clubs. If the soccer firm wishes to remain secure, it must continue to generate profits. Let’s keep football safe.”
LaLiga notified UEFA in April 2022 that the Guardia di Finanza, an agency under the Italian Minister of Economy and Finance, and the Public Prosecutor’s Office at the Court of Turin were investigating probable violations of financial fair play.
La Liga is still investigating these charges against Juventus as part of its efforts to increase the financial stability of football in Europe. It urges the authorities to act expeditiously to implement team sports sanctions.
La Liga has already requested that UEFA investigate how much Juventus has spent. If they fail to do so, they could be eliminated from the Champions League next season. In 2022/23, The Old Lady did not advance to the competition’s knockout stages this season as, under the direction of Massimiliano Allegri, they finished third in their group.
In February, Juventus and Nantes will play a two-legged Europa League encounter to determine who will advance to the round of 16. La Liga wants to penalize Juventus for spending a lot of money in recent years on players such as Dusan Vlahovic, Bremer, and Federico Chiesa.
Relentless La Liga
La Liga president Javier Tebas has ensured that the league’s clubs are extremely fiscally responsible. However, he has frequently disagreed with PSG and Manchester City’s state-owned models.
Earlier this year, La Liga filed complaints against Juventus, Manchester City, and Paris Saint-Germain for suspected financial fair play regulations violations.
Also, Tebas was one of Agnelli’s loudest detractors when Juventus, Barcelona, and Real Madrid attempted to organize the European Super League without him.
Juventus finished fourth in Serie A last season and lost a record-breaking €254.3 million (£220 million).
Juventus stated that the board would not participate in the current inquiry because pending legal and accounting concerns are more significant and central.
According to UEFA regulations, clubs can be cautioned or penalized with penalties, relegation to a lesser level of European competition, or even expulsion from the competition. Even if Juventus fails to reach the round of 16 in the Champions League for Champions League picks, they may also be eliminated from the Europa League.
