Juve Shares Bought

Lawyers representing football club Juventus at the appeals trial in Italy's match-fixing scandal pleaded for leniency on Sunday, declaring that last week's decision by a sports tribunal to relegate the club to the second division with a 30-point penalty would have "devastating consequences" for the club, the fans and investors alike.

"Just to survive in Serie B next season we estimate that Juventus will have to earn about 80 points - equivalent to winning 27 of their 40 matches," Cesare Zaccone told the appeal court's judges.

Juventus were one of four leading clubs from Italy's top Serie A league found guilty by the tribunal of conspiring with referees and linesmen to fix games during the 2004/05 season.

As well as being relegated to Serie B, the Turin football club were also stripped of their last two Serie A titles.

Zaccone told the court the effects of the sentence were already being felt in the exodus of the club's leading players and also asked the court to consider the effects of a heavy sanction on Juventus's income from sponsorship and TV rights, and the effect on investors, who had bought shares in Juventus.

Juventus have been at the centre of the match fixing scandal since it broke in early May with the publication of intercepted telephone conversations between their then general manager Luciano Moggi and senior Italian Football Federation officials, discussing refereeing appointments during the 2004/05 season.

The other three clubs found guilty by the tribunal - AC Milan, Lazio and Fiorentina - are also appealing against the verdicts.

Date: 25.07.06

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Juve Shares Bought

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