Business

Juventus shares down 10% after 15-point deduction for transfer dealings

MILAN - Shares in Juventus tumbled some 10% on Monday after Italian soccer authorities docked the club 15 points for its transfer dealings, in a blow to its reputation and short-term sporting prospects.

Juventus, who have won the Italian league more times than any other club, are now 9th in the Serie A standings and face an uphill struggle to qualify for lucrative European competition.

Juventus drew 3-3 with Atalanta on Sunday night in their home city of Turin in their first game since the punishment was announced late on Friday.

Juventus deducted 15 POINTS and drop to 10th after investigation into club's transfer dealings

ROME — Juventus have been deducted 15 points for the current season by an Italian soccer court investigating its transfer dealings, the national soccer federation (FIGC) said on Friday.

With 20 games left to play in this season, Juve were third in Serie A, 10 points adrift of leaders Napoli. The points deduction would push them down into mid-table, outside the spots for European competition.

Premier League dominates latest list of the world's 20 richest clubs

Manchester City have topped the Deloitte Football Money League for the second year in a row as the world's highest revenue-generating club in the 2021-22 season in which fans returned to stadiums as COVID-19 restrictions were eased.

Abu Dhabi-owned City generated total revenue of $790.65 million, followed by Real Madrid ($771.42 million) and Liverpool ($758.45 million).

City's rivals Manchester United generated $744.41 million and Paris St Germain made $706.59 million.

Chelsea announce $110M Mykhailo Mudryk signing mid-game

Chelsea announced Mykhailo Mudryk as their fifth signing of the January transfer window on Sunday, after the Ukrainian winger completed his move from Shakhtar Donetsk to the Premier League club.

In a statement, Shakhtar said they "will receive $76 million for the player and another $33 million is envisaged as a bonus payment."

The 22-year-old has signed on an eight-and-a-half-year contract.

Boston, Tampa and San Francisco are in race for an expansion slot in the NWSL

The National Women's Soccer League intends to add a team and is looking at finalists Boston, Tampa and San Francisco as prospective expansion cities, Sportico reported.

The highest bidder has placed a bid for "well over $40 million" to secure a franchise, per the report.

European Super League dealt huge blow after EU court sides with UEFA and FIFA

BRUSSELS - Soccer bodies UEFA and FIFA on Thursday won the backing of an adviser to Europe's top court on rules contested by potential rival the European Super League (ESL) as anti-competitive in a case that could affect other sports.

The case centers on the dispute between European soccer's governing body UEFA and world equivalent FIFA and the ESL last year but could also impact other sports, clubs and players tempted by lucrative deals offered by rebel bodies and seeking to cash in during relatively short careers.

NO BEER! Qatar changes decision on selling beer around World Cup stadiums 2 days before tournament

World Cup stadiums are prohibited from selling alcohol in Qatar, FIFA announced on Friday two days before the tournament begins.

The reversal permits World Cup sites to sell only non-alcoholic beverages, which represents a reversal of an agreement that approved international sponsor Budweiser to sell at all events.

Philadelphia Union and USYNT midfielder Paxten Aaronson set to join Eintracht Frankfurt in Bundesliga

Philadelphia Union’s homegrown talent Paxten Aaronson will have one game left with the club, the MLS Cup Final, before he heads to Europe to join Eintracht Frankfurt in January.

The 19-year-old attacking midfielder will join the Bundesliga club on a deal reportedly worth around $4 million. MLSSoccer.com’s Tom Bogert was the first to break the news.

MLS is hoping to announce San Diego or Las Vegas as a new expansion team in 2023

Major League Soccer wants to add a 30th team early next year, with San Diego and Las Vegas the top candidates.

MLS Commissioner Don Garber confirmed the expansion plans during his annual State of the League address on Thursday in Los Angeles, where LAFC and the Philadelphia Union are preparing for the MLS Cup Final on Saturday.

Garber said the league is in "active discussions" with both cities and hopes to finalize an agreement "sometime in the first half" of 2023.

American Outlaws hit back at New York Times article allegations

The United States’ largest soccer supporters group, the American Outlaws, came under fire Thursday following a New York Times article claiming that a board member accepted a free trip to Qatar in exchange for reporting individuals who are critical of the host nation. The Outlaws have vehemently denied these allegations and issued a statement, saying the organization has never taken money from FIFA or Qatar and will never do so.

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