Juventus will have to do without a significant chunk of revenue usually gained through playing in European competitions following the confirmation of their exclusion from the 2023-24 Conference League by UEFA.
On Thursday evening it was confirmed by the governing body of European football that Juve will not be allowed to take part in UEFA competitions for the 2023-24 season over financial irregularities.
The Bianconeri have also been hit with a €10m fine, which could rise to €20m if certain financial fair play requirements aren’t met over the next three years.
Given that Juventus were also docked 10 points in Serie A during the 2022-23 season, they would have finished in third place with their total points tally.
Instead, they were bumped down to seventh in the table and had to settle for a place in the Conference League.
Now, Juve will have to do without European football altogether next season, meaning they will also have to do without a significant chunk of revenue.
According to calculations made by La Gazzetta dello Sport, Juventus took home roughly €55m from their appearances in the Champions League in 2023-24.
Including their five games in the Europa League knockout rounds, Juventus earned a total figure of €65m from their games in Europe last season.
€12-€13m of revenue from gate receipts, merchandise sales and additional bonuses from sponsors also comes into play, meaning that Juve’s total shortfall ends up at just shy of €80m through their lack of European football.
Stop saying European Football. They qualified for the Conference League. Let us know how much they’ll lose by not playing in that.