Juventus deducted 10 points again

The Bianconeri were found guilty of inflating transfer fees to increase fake investment capital, making the club's assets much larger than their real value. The FIGC decided to deduct 10 points from Juventus. Before the deduction, Juventus was second in Serie A with 69 points. After receiving the penalty, Max Allegri's team dropped to 7th, a position that does not qualify for the Champions League.

It was Juve's transfer dealings that led to them being investigated by the FIGC. 42 Juventus player transfers, most notably the swap of Miralem Pjanic for Barcelona's Arthur Melo, were accused of financial fraud.

Juventus deducted 10 points again - 1 — Juventus continues to receive penalties from the Italian Football Federation. Photo: Reuters.

In January 2023, the FIGC decided to deduct 15 points from Juventus for accounting, financial reporting and market manipulation violations. After a successful appeal, the Italian Olympic Committee (CONI) asked Serie A to return the 15 points to Juventus on April 20.

However, Juventus are said to have difficulty successfully appealing the latest penalty. That means coach Max Allegri and his team are at risk of not being able to participate in the European Cup next season.

At the time of the 15-point deduction, Juventus' stars and coaching staff remained committed to the club. Since then, the "Old Lady" has performed impressively to rise to 7th place before being given 15 points back and jumping to the top of Serie A. In the Europa League, Juventus also reached the semi-finals.

Last November, the entire Juventus board resigned after Italian prosecutors and the market regulator found irregularities in the club's books and decided to open an investigation. The 36-time Italian champions denied the allegations and insisted that the board acted in the best interests of the club.

Juventus deducted 10 points again - 2 — Juventus's ranking after being deducted 10 points.

In September, Juventus announced a loss of 254.3 million euros in the 2021/22 financial year. In addition, revenue also decreased but operating costs increased significantly (up 7.6% compared to the same period).

In the 2020/21 fiscal year, Juventus's loss was recorded at around 209.9 million euros. In the past 3 years, Juventus lost up to 534 million euros. The "Old Lady" explained that the reason for the loss was that the money for TV copyright in Serie A had decreased significantly, and at the same time, they were eliminated early in the 2021/22 Champions League.

The aftermath of the Covid-19 pandemic has also caused Juventus to struggle. Juventus is concerned that the club's financial situation will be difficult to improve in the 2022/23 fiscal year. La Gazzetta dello Sport revealed that Juventus raised 400 million euros in a share sale in December 2021. At the end of 2019, the "Old Lady" was also injected with 300 million euros. But most of this money was used to pay off debts and operate the club.

(Source: Zing News)

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