Italy’s Football authorities announced on Tuesday, May 30, that they have reached a settlement with Juventus (JUVE.MI) regarding allegations of irregularities in the club’s payment of players’ salaries. Under the terms of the agreement, Juventus will pay a fine of 718,000 euros ($790,000) and forgo any appeals in ongoing sports cases.
This settlement follows a separate Football case earlier this year in which Juventus was penalized with a deduction of 10 points due to issues related to the club’s player transfer accounting. However, the newly reached agreement does not impose any additional point deductions on Italy’s most successful team.
