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Juventus sinks 12% in the stock market after the sanction for the ‘Case Capital Gains’

Date: December 10, 2023 Time: 22:29:20

The shares of the Italian soccer club Juventus fell more than 12% this Monday on the Milan Stock Exchange after last Friday the Turin club was sanctioned by the Italian Soccer Federation (FIGC) with 15 points in its classification of Series A, as ruled by the Federal Court of Appeals, which went beyond the request of the prosecutor in the ‘Case Capital Gains’.

The titles of the ‘Vecchia Signora’, which were listed in 2001, marked a minimum intraday price of 0.29 euros, its lowest level in the year, after falling 12.1%, although as As the session passed, the drop was reduced to less than 4%, above 0.31 euros. Last Friday, the authorities imposed on ‘Juve’ a sanction of 15 penalty points “to be fulfilled in the current Calcio season and with a series of inhibitions to 11 Juventus managers”, with a two-year sanction for Andrea Agnelli .

The former president of ‘Juve’ left the club last November. Juventus were being investigated for accounting for transfers above their fair value and understating employee expenses. The most successful team in Serie A, with 34 titles, which can still resort to the Italian National Olympic Committee (CONI), would be seen with the sanction imposed in serious problems to reach the places that give access to the European competition.

The ‘Vecchia Signora’ made the leap to the floor of the Milan Stock Exchange in December 2001, valued at a price of 3.70 euros per share, diluted by various capital increases, as well as by the impact of the ‘Calciopoli’ scandal. revealed in 2006 that it resulted in the Turin club’s relegation to Italian football series B.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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