Juventus fined, avoid points deduction in false accounting trial

Juventus escaped an additional Serie A points deduction but agreed to pay a fine of more than 700,000 euros ($751,000) for lying about players foregoing wages during the Covid-19 pandemic after a plea bargain approved Tuesday by the Italian Football Federation tribunal.

The plea deal, which Juventus had requested, brings to an end a series of cases in Italy's sporting courts involving the Turin club.

Last week they were given a 10-point deduction in Serie A after a revision of their initial 15-point penalty inflicted on the club over illicit transfer activity.

Juventus have agreed not to appeal that penalty as part of Tuesday's deal.

The disciplinary tribunal of the Italian federation (FIGC) said in a published decision that it had fined the troubled club 718,240 euros, while seven of its management figures were ordered to pay fines ranging from 47,000 euros to 10,000 euros.

Excluded from the plea agreement, however, is former chairman Andrea Agnelli, who jointly requested along with prosecutors that his hearing be postponed to June 15, given what the tribunal called "advanced talks" on potential sanctions.

The federation had been tasked with considering the deferred payment of certain players' wages by the club and its key figures, as part of a wide-ranging scandal involving false accounting and transfer trickery that has rocked Italian football.

Newspaper La Stampa, which, like Juventus, is owned by the Agnelli family, wrote on Tuesday that the club had accepted the deal to avoid another points deduction, which could have pushed it further away from the European places in Serie A.

Juventus are seventh in Serie A with one game of the season remaining, after the imposition of the 10-point deduction.

If they hold that position on the final day, they will qualify for next season's Europa Conference League, but they still have a chance of finishing as high as fifth and going into the Europa League.

Juve faces separate criminal proceedings in the affair, with 12 current and former key club figures including former chairman Agnelli potentially facing trial.

- Losses artificially reduced -

The plea bargain agreed Tuesday relates to the Turin club having communicated that players were giving up salary payments during the pandemic in 2020, while privately assuring those players they would only miss out on a portion of what was publicly announced.

In doing so, Juve was able to artificially reduce losses in the club's annual balance sheets during the pandemic, when matches were cancelled and revenue plummeted.

Agnelli, his ex-deputy chairman Pavel Nedved, and the rest of the club's board resigned in November following the probe by Italian authorities into the accounting irregularities.

In its decision, the tribunal said that the individual "F.P." would be fined 47,000 euros, and "P.N." 35,250 euros -- referring to Juve's former sporting director Fabio Paratici, and Nedved, respectively.

A 15-point penalty inflicted by the FIGC's appeals court in January against Juve for overstating capital gains on player sales was revoked in April by Italy's highest sporting court, the Sports Guarantee Board.

It was then revised to 10 points by the federation's appeals court on May 22.

In January, the federation hit both Agnelli and ex-CEO Maurizio Arrivabene with two-year bans, handing sporting director Federico Cherubini a ban of 16 months.

Former sporting director Paratici, who had left Juve for Tottenham Hotspur, was banned for two-and-a-half years, a decision that was extended worldwide by FIFA in March.