Italy's most successful team, which is now under scrutiny by prosecutors for alleged false accounting, posted a 239 million euro loss in the fiscal year to June 30, 2022 as it continued to suffer from the effects of COVID-19. Juventus postponed publication of its half yearly results earlier as well to March 8. Allegations of financial misconduct and poor earnings performance led the Juventus board, including former Chairman Andrea Agnelli, to resign late last year and controlling shareholder Exor, the holding company of the Agnelli family, organised a reshuffle of the club's top management.
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.