Juventus have confirmed they intend to appeal against their 15-point deduction as they consider it "a clear injustice towards millions of fans".
The Italian Football Federation (FIGC) confirmed the punishment on Friday following an investigation into the 36-time Italian champions' past transfer dealings.
Juve have slipped from third in Serie A to 10th and are 12 points off the Champions League places with 20 matches left to play.
The FIGC also hit the club's former president Andrea Agnelli and former chief executive Maurizio Arrivabene with two-year bans from Italian football.
Former sporting director Fabio Paratici, who is now at Tottenham, has been given a 30-month ban.
However, the Bianconeri have always denied any wrongdoing and hope the sanctions will be overturned on appeal.
A statement by the club's lawyers read: "Today's acceptance of the appeal for revocation by the Federal Court of Appeal seems to us to constitute a clear unequal treatment to the detriment of Juventus and its managers compared to any other club or registered player.
"We are waiting to carefully read the reasons for presenting the appeal before the Sports Guarantee College. However, we point out, as of now, that only Juventus and its managers are attributed the violation of a rule, which the sports justice itself had repeatedly recognised did not exist.
"We believe that this is a clear injustice also towards millions of fans, which we trust will soon be remedied in the next level of judgement."
Turin Public Prosecutor's Office had been seeking a nine-point deduction following a hearing earlier on Friday.
But the FIGC announced a harsher punishment after Juve were found to have used transfers to artificially boost their balance sheet.
The sanctions come on the back of chairman Agnelli and the rest of the Bianconeri's board resigning en masse last year.
That came in the wake of an investigation being launched into financial violations during their time in charge.
A separate ruling made last year acquitted Juve and other clubs of their financial conduct within Serie A, with a case centred on player values in exchanges and transfers.
But football prosecutors reopened the case against Juve after seeking new documents collected by public prosecutors in Turin surrounding the club's conduct.
Ronaldo: 'You cannot rebuild Man United without knowledge'
Cristiano Ronaldo believes Manchester United "cannot rebuild without knowledge" as he urged Erik ten Hag to take advice from assistant coach - and former Red Devils striker - Ruud van Nistelrooy.
United opened the Premier League season with a 1-0 win over Fulham, but then suffered back-to-back defeats against Brighton and Hove Albion and Liverpool.
It is the second time under Ten Hag the Red Devils have lost as many as two of their first three league games in a season (also 2022-23); as many times as in their previous 29 campaigns combined.
United have also scored three goals fewer than their xG suggests they should have so far this term (two goals, 5.2 xG), the biggest such difference for any team in the Premier League.
Ten Hag was recently joined in the dugout by compatriot Van Nistelrooy, who scored 150 in 219 appearances at Old Trafford between 2001 and 2006.
And Ronaldo - the scorer of 145 in 346 games across his two spells - thinks the Red Devils will benefit from the wisdom of people with prior experience and knowledge of the club.
"[As the] Man United manager; you cannot say that you're not going to fight to win the Premier League or Champions League," he told former team-mate Rio Ferdinand on FiveUK.
"You've to say: 'maybe we've not got the potential, but we're going to try'. You have to try!
"If Ten Hag listens to Ruud van Nistelrooy, maybe he can help. He knows the club and the club should listen to the guys who were there [like] Rio, Roy Keane, [Paul] Scholes, Gary Neville, Alex Ferguson. You cannot rebuild a club without knowledge."
United return to action this weekend away at pointless Southampton, against whom they are unbeaten in their last 12 Premier League visits since a 1-0 defeat in August 2003.
The Red Devils have also lost just one of their last 30 Premier League matches against promoted sides, winning 15 of their last 17 such games.
Nagelsmann pleased with Germany development after Euro 2024 disappointment
Julian Nagelsmann believes Germany have taken the next step in their development after sharing the spoils in an entertaining clash with the Netherlands on Tuesday.
Tijjani Reijnders handed the hosts the lead with just a minute and 39 seconds on the clock, only for Deniz Undav and Joshua Kimmich to respond before the break.
The Netherlands drew level five minutes into the second half through Denzel Dumfries, leaving the pair joint-top of Group A3 after the opening round of fixtures.
But with German ambitions of being strong contenders at the next World Cup after their Euro 2024 disappointment, Nagelsmann is looking to see improvements in every match despite the tournament being just under two years away.
“There is an awareness that every game is important,” Naglesmann said.
“We have the Nations League now, the qualifiers next year and then hopefully off to the World Cup. We have 18 games left until then - if all goes well.
“The team believes in itself and that is the key. That is what we all want to see. Today we saw a team that wanted to win."
But in an enthralling encounter, Nagelsmann acknowledged that improvements need to be made at both ends of the pitch.
Germany managed just five shots on target from the 21 they attempted, registering an expected goals total (xG) of 2.94 during the contest.
While only restricting the Netherlands to 11 shots, their opponents created four big chances to Germany's three, with the Oranje also winning 53.1% of their duels compared to 46.9% for Nagelsmann's side.
“Both defences were too vulnerable but offensively, we were stronger, tried to create more and took a bit more risk," Nagelsmann said.
“In the early stages of the second half, we tried a little too hard and were maybe a bit too aggressive in the tackles.”
The Germany head coach was particularly pleased with his side's response to falling behind early on Reijnders' finish.
“The way we came back was very good. It took us five or six minutes, but then we were well in the game," Nagelsmann concluded.
Germany continue their Nations League campaign with two away fixtures next month, starting with Bosnia and Herzegovina, followed by a reunion with the Dutch on October 14.
Bellamy earns maiden Wales win in 'toughest game of his career'
Craig Bellamy praised his players for overcoming some of the toughest conditions he has witnessed to earn him his first win as Wales head coach against Montenegro in the Nations League.
Kieffer Moore opened the scoring after just 36 seconds at the Stadion Kraj Bistrice, with Wales netting inside a minute for the first time since Robert Earnshaw in 2004.
But the Dragons doubled their advantage with two minutes and 27 seconds on the clock, this time Harry Wilson found the back of the net with a fine finish from distance.
It was the first time Wales had scored twice within the opening three minutes of a game since April 1961 against Northern Ireland to give Bellamy a dream start.
However, the conditions in Montenegro were far from ideal, with the rain-soaked pitch allowing Driton Camaj to pull one back for the hosts in the 73rd minute.
Wales were able to see out the remaining minutes to seal their first win of their Nations League campaign, building on their impressive showing against Turkiye.
"These are the toughest conditions I've been in. Nothing about coming here has been easy," Bellamy said.
"You could have had a lot of excuses about this trip. The change of venue, the travel here, a bus driver who took his time, the conditions. But sometimes you learn from it.
"There is a reason why this group have qualified for major tournaments. It wasn't a football match. The conditions weren't going to allow it."
Wales are now unbeaten in their last eight competitive fixtures (W4 D4), their longest such run since a run of 11 between September 2019 and November 2020.
Bellamy's appointment has seemingly revitalised Welsh football, with his expansive and exciting style of play catching the eyes of those across Europe.
The Dragons return to action next month when they face Iceland and Montenegro once again, something that Bellamy is already counting down the days for.
"Last night I was really excited about the game but also sad as it ends tomorrow," Bellamy said.
"What happens on Tuesday? They're all going to leave me and I don't want them to go.
"You want your first win of course and you want it quick. Longer-term I see us being able to affect games in a positive way."
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