Juventus have been docked 10 points following a new hearing into the club's past transfer dealings.
Juve were initially handed a 15-point penalty in January but Italy's highest sporting court overturned that decision in April and ordered the case to be re-examined.
The new ruling was announced on Monday, before the team's 4-1 defeat at Empoli.
The penalty drops Juve to seventh place in Serie A, outside the European qualification spots.
Juventus were among several Serie A clubs acquitted of suspect transfer activity by an FIGC appeals court trial last year but the investigation into the club was reopened due to new evidence from a separate criminal probe into their finances.
The initial 15-point sanction was tougher than the nine-point deduction prosecutors had requested, and the club hoped no points deduction would be applied once the case had been re-examined.
Who are the individuals involved?
Agnelli and the rest of the club's board stepped down in November while the investigation was taking place.
At the time, a statement said the resignations were "considered to be in the best social interest to recommend that Juventus equip itself with a new board of directors to address these issues".
The chairman had presided over the club for 13 years, during which time Juventus won nine successive Serie A titles and reached two Champions League finals.
But last year they made a £220m loss - a record for an Italian club.
Agnelli and Arrivabene were banned from Italian football for two years, while Cherubini and Paratici were suspended domestically for 16 months and two and a half years respectively.
Paratici left the club to become managing director at Tottenham before January's ruling but his suspension was extended worldwide by Fifa in March.
Juventus are also facing an investigation from Uefa, European football's governing body, over potential breaches of its club licensing and financial fair play regulations, which was announced in March.(BBC)
