OFFICIAL: Juventus excluded from Conference League

UEFA confirmed on Friday through an official statement that Juventus had been given a one-year ban from European competitions, as well as a €20 million fine, half of which is conditional depending on further financial irregularities.
The Italian side will therefore not be able to compete in the 2023-24 Europa Conference League, and will likely be replaced by Fiorentina, who finished 8th in Serie A last season.
The statement from UEFA reported that the Italian club had "violated the UEFA’s regulatory framework and breached the settlement agreement signed in August 2022".
The 'Bianconeri' however, will not appeal the decision, as their priority is to return to the Champions League in 2024-25. Club president Gianuca Ferrero said they can now focus "on the field and not on the court”.
“We have decided not to appeal this judgment. This decision is in line with the one taken last May in the context of the disputes with the FIGC [Italian FA]", he added. "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".
"Instead, we want the first team, our fans, our sponsors, suppliers and financial partners to be able to experience the 2023-24 season with the utmost serenity and certainty with respect to the results achievable on the pitch, especially after the turbulent past season”, he finished.
The investigation into Juventus' financial violations was formally opened in December, and the club have already faced point penalties last season, which saw them drop into seventh place.