Juventus share price slides after 15-point penalty

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Reuters UK

MILAN (Reuters) – Shares in Juventus tumbled around 10% on Monday after Italian soccer authorities docked the club 15 points for its transfer dealings, dealing a blow to its short-term sporting prospects and its reputation. Juventus, who have won the Italian league more times than any other club, are now 9th in the Serie A standings and facing an uphill struggle to qualify for lucrative European competition. The club said it would await the reasons for the decision made late on Friday but that it planned to appeal against the penalty to a higher sporting court at the Italian Olympic Committee….

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