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.
Kris Doolan believes Partick Thistle have Premiership credentials
Kris Doolan believes Partick Thistle have all the ingredients of a cinch Premiership team as they stand on the brink of a return to the top flight.
The Jags will take a 2-0 lead from the first leg of their play-off final against Ross County to Dingwall for the return game on Sunday.
Doolan, who stepped up from the club’s academy to take over from Ian McCall in February – initially as interim boss – has total belief in his squad, the first team to finish fourth in the second tier to go all the way to the play-off final.
Former Thistle striker Doolan, who lost a play-off final against Livingston in 2018, said: “Ian McCall built this squad and he deserves a lot of credit for that because it is a fantastic squad.
“To me it is a Premiership squad and we have managed to find a shape and a style of play that suits us.
“We play to our strengths but ultimately there are guys in there who have played hundreds of games at Premiership level.
“It is not as if we are a young side who are wet behind the ears, we don’t understand what the games are all about. They know how to get through games.
“You look in their eyes, they are desperate to be in the Premiership.
“They have a one-track mind and that is what we have tried to instil. We have tried to instil a winning mentality, a winning environment and winning breeds winning.
“I say that all the time but it becomes a habit and it is a habit that is hard to break but likewise if you are losing games, it is a hard habit to break that as well.
“I have been on the flip side of it coming out the Premiership, I know what it is like in these play-off games, when there is so much at stake it is difficult to stop a team with momentum coming into the last game especially, even though you might be at home. It is still a difficult thing to stop.
“We have had five games under real pressure in the play-offs but the players play as if there is no pressure. We have nothing to lose. We have everything to gain.
“Ross County are the team who could potentially come out of the Premiership. But for us, we will go up there with the mentality to win and hopefully get the job done.”
Malky Mackay does not want his Ross County players to dwell on defeat
Malky Mackay told his Ross County players to quickly forget their Maryhill misery to focus on overturning Partick Thistle’s cinch Premiership play-off final advantage.
The Staggies lost 2-0 in the first leg at Firhill on Thursday night to leave themselves with a huge task in the return game in Dingwall on Sunday.
County had 16-year-old defender Dylan Smith sent off in between Aidan Fitzpatrick’s early strike and Brian Graham’s late first-half goal which put the Championship outfit in the box seat in the tie.
Boss Mackay is aware of the severe ramifications of removal from the Premiership but said: “At the end of the game I had 10-15 minutes with them and I spoke about getting their disappointment out (of) the way just now.
“By the time we get on that bus and go up the road I want them focused on recovering and nothing else but going out there with a positive mindset on Sunday afternoon.
“It is half-time. We are 2-0 down with 90 minutes to go. The only thing that will be on their minds is going out there to beat Partick Thistle.”
Mackay hopes the County fans turn out on Sunday to give their side a better chance of recovering the tie against a side who have gone 11 games unbeaten.
Asked what his message to the Staggies supporters was, he said: “Just to keep sticking with us. They were great on Thursday night.
“It is a long way to the Highlands and it was great that so many came down.
“There was a wee bit of misfortune as far as the sending off, that changes the dynamics of the game but I think they will see players trying for the jersey.
“You (have) seen the blocks that the players were putting in at the end and if nothing else you will see players that are trying really hard to make sure that we pull this back. So I would imagine that there will be a good crowd at Dingwall.”
Pep Guardiola can understand United’s motivation to end City’s treble hopes
Pep Guardiola believes stopping Manchester City winning the treble could give Manchester United extra motivation in the FA Cup final.
The two neighbouring rivals clash in the Wembley showpiece for the first time on Saturday with more than a trophy and local bragging rights at stake.
For Premier League winners City victory could be the second leg of a potentially glorious treble with the final of the Champions League to come next week.
United on the other hand – as the only side to have won all three of those competitions in the same season, back in 1999 – will be anxious to stop them and protect their place in history.
City manager Guardiola said: “I could understand that. It belongs to them, that’s normal. Sport is like that.
“’That belongs to us – we don’t want anyone else to do it,’ it’s normal, that feeling. It’s completely understandable. But it’s a football game, who will be better will win.”
United boss Erik ten Hag, however, has played down the party-pooping aspect of his side’s task.
The Dutchman has enjoyed an encouraging first season at Old Trafford having won the Carabao Cup and reclaimed a Champions League spot.
“I know what is the thinking from the fans,” Ten Hag said.
“But what we want is to restore Manchester United by winning trophies. We have an opportunity to win a trophy and we don’t want to be distracted by anything.
“If it’s important for the fans then it’s important for us, so we will give everything to win the cup.”
Guardiola insists the treble is not part of his thinking yet. He has spent the week preparing to face United and will switch focus to playing Inter Milan in Istanbul next week.
“We didn’t speak once about Inter these days,” he said. “We’ll have Sunday off, and after we’ll have three or four days training.
“We’ll introduce what we believe Inter are, to try to beat them, then. We have time. Saturday to Saturday is a long time to prepare for a game.
“United and the FA Cup deserve the full attention and commitment. The players are completely aware of that.”
City could have a fully-fit squad with Kevin De Bruyne, Jack Grealish, Ruben Dias and Manuel Akanji, who all missed last week’s game at Brentford, having since returned to training.
Guardiola has confirmed second-choice goalkeeper Stefan Ortega will start, as he has in all domestic cup fixtures this season.
United are without striker Anthony Martial due to a hamstring injury and winger Antony is also a major doubt.
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