Stock falls drastically after point deduction in the league

Dusseldorf The deep fall in the table is followed by a deep fall in the share price: After the drastic point deduction in the Italian league, the shares of the Italian soccer record champions Juventus Turin on the Milan stock exchange fell by 13 percent at times on Monday.

The sports court of the Italian association had deducted 15 points from Juventus in the current season on Friday evening for accounting fraud. The ambitious club dropped from third to ninth place in the table. Qualification for the lucrative Champions League, which guarantees income in the tens of millions, is a long way off.

>> Read here: Accounting scandal shakes Juventus Turin – complete club management resigns

The club is accused of deliberately falsifying the ratings of its players in order to improve the club’s balance sheet. In addition, during the corona pandemic, Juve is said to have made false statements about the salaries paid to players and thus also influenced the balance sheet.