BREAKING: Juventus deducted 15 points due to transfer dealings misconduct

Serie A giants Juventus have been docked 15 points in the wake of an investigation into the club's past transfer dealings, Italy's football federation (FIGC) has confirmed.

Juve had been in third place with 37 points but the penalty will drop them to 11th.

The sanction comes after the club's board of directors, including president Andrea Agnelli and vice-president Pavel Nedved, resigned in November.

Serie A's financial prosecutor found Juventus to be guilty of a number of financial violations that saved the club roughly €90 million (£78m/$97m) in player salaries.

The football court also ruled that Agnelli be banned from holding office in Italian football for 24 months.

It also decided on a 30-month ban for Juventus's former sports director, Fabio Paratici, now managing director of football at Premier League club Tottenham.

The club's CEO Maurizio Arrivabene has also been handed a two-year-ban, while Nedved has been given an eight month suspension.

Juventus have denied wrongdoing and said their accounting was in line with industry standards.