Uefa has booted Juventus out of this season’s Europa Conference League and fined them for breaking Financial Fair Play (FFP) criteria.

Chelsea was also penalized by European football’s regulatory body for violating FFP guidelines by “submitting incomplete financial information.”

According to Uefa, the issue concerns transactions that occurred between 2012 and 2019.

Juventus was penalized £17.14 million, while Chelsea was fined £8.57 million.

The Italian club would only have to pay half of their sentence if their financial records for the next three years are in order, whereas Chelsea has already agreed to pay the settlement amount.

The Blues have spent roughly £600 million on 19 new players since new owner Todd Boehly took over in May 2022, but their fine is based on a seven-year period when Roman Abramovich was in charge.

According to Uefa, “following the club’s sale in May 2022, the new ownership identified, and proactively reported to Uefa, instances of potentially incomplete financial reporting under the club’s previous ownership.”

The Italian Football Federation (FIGC) must now notify Uefa of which club will take Juve’s spot in Europe’s third division. Fiorentina, who finished seventh in Serie A and were defeated by West Ham in last year’s final, is the most likely candidate.

The action against Juventus stems from a 718,000 euro (£620,000) punishment imposed as part of a settlement agreement reached with Italian football authorities regarding the payment of player salaries.

Juventus was also penalised ten Serie A points last season after a hearing into the club’s previous transfer practices.

They were initially penalized 15 points in January, but Italy’s top sporting court overturned that judgment in April and demanded that the matter be re-examined.

They would have finished fourth and qualified for the Champions League the following season if they had not been sanctioned.