International Soccer: Serie A massive financial scandal

Juventus was penalized 15 points on Serie A standing after a report of manipulating transfer finances. Follow for more international soccer news here!

Andrea Agnelli, Fabio Paratici was among the notable names that received suspension over the mishandled transfer finances; 11 executives were officially banned. Despite the winnable record this season, Juventus to 10th spot in the Serie A standing after handed a 15 points deduction due to financial scandal. Follow for predictions for tomorrow soccer match here!

Andrea Agnelli received two years suspension from holding office in Italian soccer, the Italian FA announced on Friday. It also affected the performance of Juventus this season, from enjoying the 37 points in the standing and being on the top 4, the club quickly fell off to 10th place and in deep danger of missing the next year’s Champions League. Below are the details of punishments for the clubs and personnel involved:

  • Juventus: 15-point deduction from current Serie A standings
  • Fabio Paratici, now director at Tottenham: 30-month ban
  • Andrea Agnelli, former chairman: 24-month ban
  • Maurizio Arrivabene, former CEO: 24-month ban
  • Federico Cherubini, current director: 16-month ban
  • Pavel Nedved, former vice president: Eight-month ban
  • Paolo Garimberti, former board member: Eight-month ban
  • Enrico Vellano, former non-independent director: Eight-month ban
  • Assia Grazioli-Venier, former board member: Eight-month ban
  • Caitlin Hughes, former independent director: Eight-month ban
  • Daniela Marilungo, former independent director: Eight-month ban
  • Francesco Roncaglio, former board member: Eight-month ban

The Italian Football Association (Italian FA) released a statement, saying that “the Federal Court of Appeal presided over by Mario Luigi Torsello has partially accepted the appeal of the Federal Prosecutor’s Office on the partial revocation of the decision of the Federal Court of Appeal to United Sections n. 89 of 27 May last, sanctioning Juventus with 15 penalty points to be served in the current football season and with a series of inhibitions for 11 Juventus executives.”

The other Italian club is also on the hot seat, Napoli being in the hot lights over the issue of the transfer of Victor Osimhen and his transfer to the French side Lille. Osimhen was brought in for about €70 million, but Napoli sent what they claimed was €20 million worth of four players back, though it wasn’t a swap deal. Except combined those four players, a backup keeper, and some youth players, made all of one appearance combined for Lille.

Currently, Juventus have officially sent their appeal to the penalty – as they stated that the 15-point deduction penalty is tremendously harsh compared to a nine-point deduction recommended by FIGC prosecutor. This all came after the club’s recent financial misconduct were under scrutiny and deep investigations by prosecutors and Italian market regulator CONSOB in the past months, investigating an alleged false accounting and market manipulation.

Out of Big Five Leagues in Europe, Serie A is quite under relatively poor viewership as it is miles behind the Premier League, Bundesliga, and La Liga when it comes to television network deals. Serie A’s deal with CBS only amounted to $75 million per year, while the Premier League gets $450 million per year from NBC compared to Premier League’s $450 million per year.

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