Juventus capital gains: How has the Serie A Champions League race changed?

Juventus have seen their 15-point penalty for capital gains fraud temporarily suspended and move back into third place, with significant implications for rivals in the Serie A table.


The Collegio di Garanza of the Italian National Olympic Committee – CONI – has accepted Juventus‘ appeal against their punishment for the ongoing capital gains case, which now involves other Serie A clubs as well. This means that the Bianconeri have seen a 15-point penalty imposed on them in January now suspended, drastically changing the look of the Serie A table.

Juventus had been languishing in sixth place after the punishment and had a fight on their hands to secure a return to the Champions League, as they sought to claw back the deficit.

Massimiliano Allegri‘s side had been sitting in third place when the deduction was inflicted at the start of the year, and return to that spot behind champions-elect Napoli and Lazio.

Juventus celebrate their winning goal against Cremonese. [@juventusfc]

Champions League battle takes new look

The suspension of the penalty has wider implications on the Champions League race however, with AS Roma dropping down a position into fourth place, three points behind Juventus with eight league games remaining.

Meanwhile, AC Milan are sent tumbling out of the top four, with fellow Champions League semi-finalists Inter now sitting in a lowly sixth position. Should Juventus be successful in appealing their punishment, it is becoming increasingly likely that at least one, if not both, Milanese clubs will miss out on Champions League football next season.

Finally, Atalanta have seen their hopes of breaking into the upper end of the table take a considerable hit, with La Dea now stuck in seventh place.

Serie A table with Juventus’ points returned

4AS Roma3056
5AC Milan3053

What is happening at Juventus?

The news that originally broke on November 28, 2022, when the entire Juventus board resigned came as the club were being investigated for suspicious transfer activity whereby they allegedly inflated values of players for reasons of capital gains. The financial statements from 2018, 2019 and 2020 are being looked into by investigators. There may also be questions regarding allegedly deferred payments during the COVID-19 pandemic.

In the spring and summer of 2020, as many as 23 Juventus players agreed to reduce their salaries over a four-month period at the club. This was thought to be to help the club navigate its way through a trying financial period. But, it has since been alleged that the players’ salaries were paid, but in a way that would have permitted for tax payments to be avoided by both club and player and for it to seem as though Juventus’ books balanced. Should these accusations be proven, the club would face charges of financial fraud.

Maurizio Arrivabene, Andrea Agnelli, Federico Cherubini and Pavel Nedved. (Photo: Getty.)

Who resigned from Juventus?

Prior to that night of November 28, 2022, Juventus’ board of directors consisted of Andrea AgnelliPavel NedvedMaurizio ArrivabeneLaurence DebrouxMassimo Della RagioneKathryn FinkDaniela MarilungoFrancesco RoncaglioGiorgio Tacchia and Suzanne Heywood. The club confirmed that they had resigned then, in late-November 2022.


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