Juventus will have to do without a significant portion of the income usually earned from playing in European competitions after UEFA confirmed their exclusion from the Conference League for the 2023-2024 season.
On Thursday evening it was confirmed by European football’s governing body that Juventus will not be allowed to take part in UEFA competitions for the 2023-2024 season due to financial irregularities.
The Bianconeri have also been hit with a €10m fine, which could rise to €20m if certain financial requirements are not met over the next three years.
Given that Juventus also had a 10-point drop in Serie A during the 2022/23 season, they would have finished third on their points total.
Instead, they dropped to seventh in the table and had to settle for a place in the Conference League.
Now, Juventus will have to do without European football next season, which means they will also have to do without a significant chunk of revenue.
According to calculations made by La Gazzetta dello Sport, Juventus took home around €55 million from their appearances in the Champions League in the 2022/2023 season.
Including their five matches in the knockout rounds of the Europa League, Juventus earned a total of €65 million from their matches in Europe last season.
€12-13 million in revenue from ticket sales, merchandise sales and additional bonuses from sponsors also come into play, meaning Juve’s total shortfall ends up being €80 million due to the lack of European football.