Reggina will start next with a 15-point deduction in Serie A for their role in the match-fixing scandal.
Prosecutors acting for sporting authorities had requested the club be demoted but instead the Reggio Calabria-based outfit was allowed to stay in the top flight.
However, for a club that traditionally struggles against relegation a 15-point penalty gives them a lot of work to do to avoid the drop next season.
Club president Pasquale 'Lillo' Foti has been banned for two and a half years while the club must also pay a 100,000 euro fine (£68,000). Foti has also been fined 30,000 euros (£20,000).
Meanwhile, Serie B club Arezzo have escaped relegation to Serie C1 but will start next season with a nine-point deduction.