July 22, 2024

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Juventus Strikes Settlement: £620,000 Fine Concludes Turbulent Chapter for Italian Giants

Juventus, one of Italy’s most successful football clubs, has agreed to pay a hefty fine of £620,000 (718,000 euros) as part of a settlement with the Italian football authorities. The fine comes in relation to a case involving the payment of player salaries. This settlement brings an end to the ongoing investigations surrounding the Turin-based club.

Last week, Juventus had already received a significant blow when they were docked 10 points due to a separate investigation into the club’s past transfer dealings. By accepting the 10-point penalty as part of the settlement, Juventus avoids any additional deductions. This penalty has pushed the club down to the seventh position in the Serie A standings with only one game left to play.

In addition to the fine imposed on the club, the Italian Football Federation (FIGC) has also issued fines to several officials associated with Juventus. Former vice-chairman Pavel Nedved and ex-sporting director and managing director Fabio Paratici are among those who have been penalized. However, the club’s former president, Andrea Agnelli, who recently had his appeal against a two-year ban upheld, will face a separate hearing on 15 June.

Juventus expressed in a statement that the agreement reached with the Italian football authorities would provide the club with a definitive outcome, helping them overcome the recent “state of tension and instability.” The settlement will also enable head coach Massimiliano Allegri and the players to shift their focus to the planning and preparations for the upcoming season.