Tue. Mar 21st, 2023

TURIN, Italy (MC) — Juventus president Andrea Agnelli, vice chairman Pavel Nedved and CEO Maurizio Arrivabene are amongst 15 individuals who might face a trial for alleged false accounting and irregularities in participant transfers following a notification from the general public prosecutor’s workplace in Turin.

Prosecutors have been investigating since final yr whether or not Juventus, which is listed on the Milan inventory alternate, cashed in on unlawful commissions from switch and loans of gamers. The case can be exploring if buyers had been misled with invoices being issued for non-existent transactions to exhibit earnings that in flip could possibly be deemed false accounting.

The case includes participant contracts, transfers and agent dealings between 2018 and 2020.

Juventus stated final yr that it was cooperating with investigators however that “it believes to have acted in compliance with the legal guidelines and rules governing the preparation of economic studies.”

The prosecutor’s workplace introduced on Monday that 16 topics had been beneath investigation: Juventus and 15 folks. A request for dwelling arrest for Agnelli was rejected by a preliminary decide.

Final month, Juventus reported a document lack of 254.3 million euros ($246 million) for the 2021-22 monetary yr. It was the fifth consecutive yr that Juventus reported a loss, and it was 44.4 million euros ($43 million) greater than in 2020-21.

Juventus, the document 36-time Italian champion, has additionally struggled on the sphere lately after a document run of 9 straight Serie A titles from 2012 to 2020. Juventus completed fourth the previous two seasons and is at present positioned eighth in Serie A.

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