Serie A: Juventus docked 15 points for illegal transfer dealings. Following a probe into the club’s prior transfer transactions, which allegedly exposed financial irregularities and misleading accounting by the club hierarchy, Juventus has been penalized with a 15-point loss.
Juventus utilized transactions to ostensibly improve their cash sheet, according to the Italian football body (FIGC).
The FIGC also imposed lengthy suspensions on the club’s former president, Andrea Agnelli, and former CEO, Maurizio Arrivabene. Andrea Agnelli will not be able to occupy any positions in Italian football for 24 months, the court decided.
Prior to their next league match at home against Atlanta on Sunday, the Serie A giants had been in third place, 10 points behind champions Napoli, following 18 games. However, the penalty would lower them to eleventh place.
The punishment follows the resignation of the club’s board of directors in November, which included vice-president Pavel Nedved and president Andrea Agnelli, who led the organization for 12 years while compiling record losses.
The departing board stated in a statement in November that it was “thought to be in the highest societal interest to urge that Juventus equip itself with a new board of directors to handle these concerns” after they announced their resignations.
Italian football has given former Juventus sports director Fabio Paratici, who is currently managing director of football at Tottenham, a 30-month suspension for his suspected role in Juventus’ fictitious accounting. He has asked for his suspension to be extended to include participation in UEFA and FIFA events.
An inquiry that first cleared Juventus in April 2022 and was then reopened in December 2022 over “revenues from player registration rights” between 2019 and 2021.
Additionally, Juventus reported a record-breaking yearly deficit of £220 million for the previous campaign.
The Turin-based team has denied any misconduct and plans to challenge the ruling before CONI (Italian Olympic Committee). The club claimed that its bookkeeping followed industry standards.
