Juventus Forced To Pay £620,000 As Fine To Italian Authorities

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Juventus are set to pay 718,000 euro (£620,000) in fines as a part of agreement with the Italian Authorities over financial irregularities.

Juventus Forced To Pay £620,000 As Fine To Italian Authorities

The Old Lady’s were deducted 10 points last week over a separate investigation into the club’s previous transfer deals.

This brings an end to the ongoing case that was involving the Turin Club and the Italian authorities.

The Italian Football Federation (FIGC) ban on other officials, including former vice-chairman Pavel Nedved and ex-sporting director and managing director Fabio Paratici, still stands.

Andrea Agnelli, Juve’s former President, was not included in the latest deal and will have a separate hearing on 15 June as his appeal against his two-year ban was previously rejected.

Juventus in a statement stated that the agreement would allow the team to “achieve a definite result” and overcome a “state of tension and instability”.

The club also started that the development would help the coach Massimiliano Allegri and his men to focus more on their planning for next season.

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Recall we reported that Juventus were deducted 15 points in January over transfer dealings but Italian authorities overturned that decision in April and ordered the case to be re-examined.

However, the 10 points deduction also saw them move down to 7th position in Serie A, outside European qualification place.

The Old Ladies are currently one point behind Roma and two points behind Atalanta in fifth, but they could still qualify for either Europa League or Europa Conference League.

Massimiliano Allegri and his team will be playing their last fixture against Udinese on Sunday as the league rounds up.

Why Was Juventus punished?

Juventus were punished for finances and Plusvalenza (capital gains) and not bribing authorities like they did in 2006.

The 2006 ‘Calciopoli’ scandal saw the Old Ladies relegated and stripped of two Serie A titles but this was not the same case.

Plusvalenza id referred to as the profit made when a player is sold from one team to another.

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Prosecutors in Italy took issue with several of Juventus’ transactions, which included the transfer deal involving midfielders Arthur and Miralem Pjanic with Barcelona.

Juventus was involved in 42 of the 62 deals reviewed while Sampdoria, Pro Vercelli, Genoa, Parma, Pisa, Empoli, Novara, and Pescara have all been cleared of charges.

The Italian giants were also investigated for lying to have saved about €90 million (£78 million/$97 million) in wage reductions due to COVID-19 in 2020.

Juventus after the initial penalty was issued, denied any misconduct, saying 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.”

Massimiliano Allegri is now faced with an unenviable task of pushing his players in order for them to save their season.

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Allegri’s men lost to AC Milan at home on Sunday 28th May and will look to fight with their last breathe against Udinese on Sunday, 4th June.

Will Allegri and his men overcome this big huddle ahead of them?

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