It's already old news but I was definitely wrong about the punishments in the Italian soccer scandal. Here is how it broke down:
Juventus: stripped of their last two league titles, not allowed to participate in the Champions League this year, relegated to Serie B, and given a 30 point deduction for the upcoming season.
Fiorentina: not allowed to participate in the Champions League this year, relegated to Serie B, and given a 12 point deduction for the upcoming season.
Lazio: not allowed to participate in the Champions League this year, relegated to Serie B, and given a 7 point deduction for the upcoming season.
AC Milan: not allowed to participate in the Champions League this year, and given a 15 point deduction for the upcoming season.
In short, Juve are fucked. Estimates have them immediately losing 50% of their revenue (TV money, sponsorships), and despite being Italy's most popular club, thier mysteriously poor attendance means that ticket revenue won't do much to help things out. The 30 point deduction basically means that they will be in Serie B for 2 seasons; it would be quite an accomplishment for them to finish in the top 3 of Serie B to gain promotion given that they are starting the season with -30 points, especially considering that many of their star players will be sold off (Cannavaro and Emerson have already been moved to Real Madrid, and more are sure to follow). So it will probably be 3 years before they are back to Serie A and then they would have to finish in the top 4 to get into the Champions League for 2009-2010. So it is a long, long road back for them.
PV4 will probably leave Juve; rumors
have him going to ManUtd or Inter.
Fiorentina and Lazio start the Serie B season with -12 and -7 points respectively, so it seems like they have a good chance to finish in the top 3 and gain promotion back to Serie A next year. Much will depend on how many 0f their players they are able to retain.
AC Milan got off the easiest of the 3, which isn't much of a suprise given their immense power and connections. However, starting the Serie A season with -15 points means that a top 4 finish to qualify for the Champions League for 2007-2008 will be extrememly difficult task.
So your 4 Italian participants in the Champions League this year are Inter Milan, Roma, Chievo, and Palermo.
Of course all of the clubs are appealing their punishments; mostly they are trying to get the point deductions lessened or removed.
Interesting commentary on this as well as Lippi retiring as Italy's national team coach here.