Juventus, commonly known as the Old Lady, have been granted a reprieve in the ongoing investigation into alleged financial irregularities, as their 15-point deduction has been overturned by an Italian appeals court. This means that the Turin-based club has moved up to third place in the Serie A standings, behind league leaders Inter Milan and second-placed AC Milan.
The investigation centered on the alleged manipulation of accounting records by Juventus and other leading Italian football clubs, as well as the involvement of various individuals in these activities. The allegations were that the clubs had inflated the value of their players in order to boost their balance sheets, in turn increasing their borrowing capacity and enabling them to invest in new talent.
Juventus had initially been deducted 15 points by the Italian football federation in February of this year, in response to the allegations. However, the club appealed this decision to the Italian administrative court, which has now quashed the penalty and ordered a new trial to be held.
Despite this, the Old Lady’s season has been far from smooth sailing. In addition to the financial investigation, Juventus have struggled on the field, with new manager Andrea Pirlo struggling to find the right formula for success. The club have already exited the UEFA Champions League at the last-16 stage, and face a tough battle to retain their Serie A crown.
The overturning of the points deduction will undoubtedly provide a boost for the Turin side, who will now believe that they have a genuine chance of making up ground on the Milan clubs at the top of the table. However, with the new trial looming, there remains a sense of uncertainty around the club’s future.
In conclusion, Juventus’ 15-point deduction being overturned has given the club a much-needed boost as they attempt to get their season back on track. However, with questions still hanging over their financial conduct, it remains to be seen what impact the new trial will have on the Old Lady’s fortunes.