Juventus drops 3% after 10-point deduction in Serie A, Lazio gains
23/05/2023 08:38
** Shares in Italy's Juventus JUVE.MI fall as much as 3.4%
after the Turin club was docked 10 points for the current season
in a ruling on Monday by an Italian soccer court, a trader says
** Juventus also lost 4-1 away to Empoli on Monday, dropping
to seventh place in the Serie A standings
** "After the 10 points penalization, Juve is currently
outside the Champions League and thus the missing income from
this important competition weighs," the Milan-based trader says
** The stock is down 1.6% by 0735 GMT
** Rival club Lazio LAZI.MI gains as much as 2.7%
following the ruling, which reinstated the team to second place
in Serie A
(Reporting by Alessandro Parodi and Giancarlo Navach)
((alessandro.parodi@thomsonreuters.com))