Juventus will not play in Europe next season after being banned over breaches of UEFA's Club Licensing and Financial Fair Play rules, while Premier League side Chelsea will pay 10 million euros for submitting incomplete financial information, Europe's soccer governing body said on Friday.
In a statement on Friday, European soccer's governing body said it would "impose an additional financial contribution of 20 million euros on the club.
"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. However, we have decided not to appeal this judgment," Juventus Chairman Gianluca Ferrero said. "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."CHELSEA SETTLEMENT
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