Juventus responds to investigation into financial mismanagement

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Juventus have emphasized their innocence after seeing their headquarters looted by police as part of an investigation into alleged fraud.

Officials went to offices in both Turin and Milan to pick up paperwork related to Juventus’ financial records in recent years, with investigators not convinced of the validity of their transfer profits between 2019 and 2021.

In a statement on Saturday night, Juventus insisted that they were happy to work with the prosecutors because they think they have nothing to hide.

Juventus acknowledge that the Turin prosecutor’s office has launched an investigation into the company and some of its current officials (Andrea Agnelli), Pavel Nedved and Stefano Cerrato) and former officials regarding the ‘Revenue from players’ registration rights’ financial statements for and for the years ended on June 20, 2019, 2020 and 2021 “, the statement said.

“The company cooperates with the investigators and with CONSOB and trusts that it will clarify all aspects of interest in it as it considers it has acted in accordance with the laws and regulations governing the preparation of financial reports, in accordance with accounting principles and in line with international practices in the football industry and market conditions.

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22 November 2021

“In connection with the capital increase, which was decided by the Annual General Meeting on October 29, 2021, the company hereby confirms the time stated in the press release dated November 22, 2021 and consequently that the period for exercising Privilege and trading in such rights will begin on November 29, 2021. “

Investigators are believed to be investigating no less than 42 transfers from the club, the most prominent of which was the controversial swap deal with Barcelona involving midfielders Miralem Pjanic and Arthur, neither of whom has been charged with any offense.

Reports have also indicated that the manner in which Juventus declared Cristiano Ronaldo’s salaries is also under investigation. Again, the player himself is not believed to have any involvement in this.

Prosecutors focus on fake documents from companies related to Juventus and invoices for non-existent transactions, fearing that Bianconeri may have settled its income to balance the books.

Juventus have claimed their innocence, but prosecutors continue to trawl through the mountain of paperwork.

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