Juventus Hit With a 15-Point Deduction And Multiple Bans For Financial Irregularities.

The Old Lady faces a tough road ahead as they drop to 10th in Serie A.

Introduction:

  • Juventus has been hit with a 15-point deduction in Serie A for “financial irregularities” and “false accounting” in relation to past transfer dealings.
  • This ruling also comes with bans for multiple ex-board members, including the former chairman Andrea Agnelli, who has been banned from holding office in Italian football for 24 months, and current Tottenham sporting director Fabio Paratici, who has been banned for 30 months.
  • The club is appealing the ruling and is currently in 10th place in Serie A. The club’s finances and reputation are now in question and missing out on Champions League football could lead to an exodus of their star players.

Details of the Scandal:

  • The scandal centers around the concept of Plusvalenza, which is essentially the profit made from the sale of a player from one club to another.
  • Italian prosecutors took issue with several of Juventus’ dealings, including the now-infamous swap deal with Barcelona involving midfielders Arthur and Miralem Pjanic.
  • Of the 62 transfers investigated, 42 of them involved Juventus. Other clubs under investigation, Sampdoria, Pro Vercelli, Genoa, Parma, Pisa, Empoli, Novara, and Pescara, have all been acquitted.
  • The club is also being looked at for claiming to have saved €90 million (£78m/$97m) thanks to wage reductions back in 2020 due to COVID-19.
Juventus Hit With a 15-Point Deduction And Multiple Bans For Financial Irregularities.
Juventus Hit With a 15-Point Deduction And Multiple Bans For Financial Irregularities.

Bans for board members:

  • Former chairman and European Super League advocate, Andrea Agnelli, who stepped down last November, has been banned from holding office in Italian football for 24 months.
  • Pavel Nedved has been banned for eight months.
  • Most notably, current Tottenham sporting director Fabio Paratici has been banned for 30 months.

Juventus’ Response:

  • Juventus has denied any wrongdoing and has announced they will appeal the ruling.
  • The club said in a press release, “The Company awaits the publication of the reasons and announces as of now the appeal to the Sports Guarantee College in terms of the Sports Justice Code.”

The bigger picture:

  • The 15-point deduction sees Juventus drop down to 10th in Serie A.
  • With their finances and reputation now in tatters, missing out on Champions League football could see an exodus of their star players.

What’s next for Juventus?

  • Coach Massimiliano Allegri now has the unenviable task of rallying his players in order to save their season.
  • They face Atalanta at home on Sunday.
  • The club will also have to navigate the appeal process and work to repair their reputation and finances moving forward.

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