[Italy] FA and Juventus reach player salary settlement

On May 30, Italy's football authorities announced that they had reached a settlement agreement with Juventus in a case about alleged irregularities concerning the club's payment of players' salaries, ESPN reports.

Italy's most successful football club wants to clear the slate with authorities before the end of the current Serie A season by making the settlement and offering more clarity for its future, which was until now marred by financial scandals.

Under the agreement’s terms, Juventus will reportedly pay a €718,000 ($790,000) fine and renounce any appeals in ongoing sports cases.

There will be no further points deducted for this season after the club lost 10 points earlier in the year in a separate case regarding the club's player transfers.

Milan-listed shares in Juventus reportedly rose by as much as 9.9 per cent after news of the settlement broke and were up 6.5 per cent.

With one match left to play, the agreement sees Juventus seventh in the Serie A table with 59 points, allowing it to qualify in theory for next season's Europa Conference League with the potential to aspire to a spot in the lucrative Europa League.

The club might, however, be forced to forfeit its place in European football as a result of sanctions that could be imposed following a separate probe by UEFA - the European ruling body - according to reporting from many Italian newspapers.

Source: ESPN

On May 30, Italy's football authorities announced that they had reached a settlement agreement with Juventus in a case about alleged irregularities concerning the club's payment of players' salaries, ESPN reports.

Italy's most successful football club wants to clear the slate with authorities before the end of the current Serie A season by making the settlement and offering more clarity for its future, which was until now marred by financial scandals.

Under the agreement’s terms, Juventus will reportedly pay a €718,000 ($790,000) fine and renounce any appeals in ongoing sports cases.

There will be no further points deducted for this season after the club lost 10 points earlier in the year in a separate case regarding the club's player transfers.

Milan-listed shares in Juventus reportedly rose by as much as 9.9 per cent after news of the settlement broke and were up 6.5 per cent.

With one match left to play, the agreement sees Juventus seventh in the Serie A table with 59 points, allowing it to qualify in theory for next season's Europa Conference League with the potential to aspire to a spot in the lucrative Europa League.

The club might, however, be forced to forfeit its place in European football as a result of sanctions that could be imposed following a separate probe by UEFA - the European ruling body - according to reporting from many Italian newspapers.

Source: ESPN