Source:REUTERS/Alberto Lingria
[Saba Sports News] According to Italian media reports, the Italian Securities and Exchange Commission has officially concluded its investigation into Juventus and some of its former executives regarding capital gains and salary manipulation, and the penalties have been announced. The final fine amount has been significantly reduced from the initial proposal; Juventus has been imposed an administrative fine of €190,000, down from the €200,000 originally recommended by the administrative sanctions department. Penalties for the individuals involved have also been reduced. The Italian Securities and Exchange Commission has issued a total fine of €310,000 to the former directors and managers involved, whereas the initial proposed amount exceeded €800,000. Additionally, the severity of supplementary sanctions has been lessened, and no punitive measures were taken against a currently employed executive who had been under review.
According to regulations, the parties involved may challenge the measures in the Court of Appeal in Turin within 30 days; for individuals residing abroad, jurisdiction belongs to the Court of Appeal in Rome. Reports suggest that Juventus is highly likely to appeal. This decision is not based on the monetary amount of the fine, which has limited impact on the club, but rather on a principled assessment of the correctness of their actions, a position that Juventus has consistently defended throughout the entire incident.