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Scandal fallout

The corruption scandal in Italian soccer is having financial repercussions. Shares in Juventus have fallen 40% since the news broke, amid repeated trading halts on the Milan stock exchange. At risk are $120m in annual television rights, a Nike sponsorship, and more, should the Club be penalized with relegation. See this story for the financial details.

At first I thought the story was typical press hype, since soccer scandals are not uncommon in Europe. But as events have unfolded, it appears that a regime change may be in the works. Off Wing Opinion was on this early, and has posts and links with more information on the scandal. Could the fall of Berlusconi (who has close links to Italian soccer) have something to do with the timing?