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.