After reaching a plea bargain with the Italian Football Federation tribunal on Tuesday, Juventus was spared an additional point loss in Serie A but was ordered to pay a fine of more than 700,000 euros, which is equivalent to $751,000, for spreading false information that its players had sacrificed their wages during the Covid-19 outbreak.
The plea bargain, which was requested by Juventus, brings to a close a string of proceedings that have been brought before Italy’s sporting courts and involved the Turin club.
The initial 15-point penalty that was imposed on the club for illegal transfer activity has been reduced to a 10-point deduction, which was handed down to them in Serie A just the week before last.
As part of the agreement reached on Tuesday, Juventus has decided not to challenge that punishment.
The disciplinary tribunal of the Italian federation (FIGC) stated in a ruling that it had penalized the problematic club 718,240 euros and that it had ordered seven of the club’s management figures to pay fines ranging from 47,000 euros to 10,000 euros. The verdict was published.
However, former chairman Andrea Agnelli is not included in the plea bargain. He and the prosecution have jointly requested that his hearing be postponed until June 15 due to what the tribunal has referred to as “advanced talks” on potential sanctions. Agnelli is not included in the plea agreement.
As part of a wide-ranging scandal involving fake accounting and transfer trickery that has rocked Italian football, the federation had been entrusted with reviewing the deferred payment of certain players’ wages by the club and its important personnel. This was done as part of the scandal that has rocked Italian football.
Newspaper La Stampa, which, like Juventus, is owned by the Agnelli family, claimed on Tuesday that the club had accepted the arrangement to avoid another points deduction, which may have moved it farther away from the European spots in Serie A. La Stampa is owned by the same family as Juventus.
After the deduction of ten points from their total, Juventus are currently seventh in Serie A with just one game left to play in the season.
They will be qualified for the Europa Conference League for the next season if they maintain that position on the final day, but they still have a chance of placing as high as fifth and earning a spot in the Europa League if they do well enough.
In connection with the scandal, separate criminal procedures are pending against Juventus, and as many as 12 current and former senior club leaders, including the team’s former chairman Agnelli, might be brought to trial.
– Losses were artificially lowered – The plea bargain that was agreed upon on Tuesday pertains to the fact that the Turin club had communicated to players that they would be giving up salary payments during the pandemic in 2020, while privately assuring those players that they would only miss out on a percentage of what was publicly announced. Specifically, the club had communicated that players would be giving up salary payments during the pandemic.
During the pandemic, when matches were cancelled and revenue plunged, Juve was able to artificially lower losses in the club’s annual balance sheets by doing so. This allowed Juve to avoid going bankrupt.
After the Italian authorities finished their investigation into the accounting irregularities in November, Agnelli, his former deputy chairman Pavel Nedved, and the remainder of the club’s board of directors all resigned from their positions.
In its ruling, the tribunal stated that the individual “F.P.” would be penalized 47,000 euros, and “P.N.” would be fined 35,250 euros. By “F.P.” and “P.N.,” respectively, the tribunal was referring to Fabio Paratici, who served as the previous sporting director of Juventus, and to Nedved.
In January, the appeals court of the FIGC assessed a 15-point penalty on Juventus for overstating capital profits on player sales. However, in April, Italy’s highest sporting court, the Sports Guarantee Board, overturned the decision and reinstated Juventus’ previous standing.
On May 22, the federation’s appeals court reduced it, bringing the total score down to ten points.
In January, the federation handed down suspensions of two years each to Agnelli and ex-CEO Maurizio Arrivabene, while sporting director Federico Cherubini received a sentence of 16 months.
A ruling made against former Juventus sporting director Paratici, who had moved on to work for Tottenham Hotspur, resulted in a ban that lasted for two and a half years and was implemented globally by FIFA in March.
In May, the appeals court overturned the lower court’s decision to ban the Juve icon Nedved for a period of eight months.
On the front of criminal activity, it has been reported by Italian news agencies that a court hearing will take place on October 26 to decide where any potential trials, if any, will take place. The investigation has been based in Turin, but it might also take place in Milan or Rome.