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  • Sports - Football - Gossips
  • Updated: November 30, 2022

Serie A: Juventus Defend Interest Amidst Financial Scrutiny

Serie A: Juventus Defend Interest Amidst Financial Scrutiny

Juventus

Italian soccer club Juventus JUVE.MI, facing scrutiny over its financial accounts, said on Wednesday that it did not believe it had done anything wrong and would defend its interests with sporting and legal bodies.

Chairman Andrea Agnelli and the entire board of the club dramatically quit on Monday night as the country's most successful team tries to get to grips with its financial and legal troubles.

"Allegations put forward by prosecutors appear unfounded and not in line with conclusions reached by (Italian market regulator) Consob," Juventus said in a statement.

"In the belief that it has always conducted itself properly, Juventus FC intends to uphold its rights and defend its corporate, economic and sports interest everywhere necessary," it added.

Prosecutors in the city of Turin, where Juventus is based, allege the club understated its financial losses for three seasons - 2018-19, 2019-20 and 2020-21.

They have been looking into the values ascribed to player transfers between clubs and whether, as stated, salaries were sacrificed during the COVID-19 pandemic or simply deferred.

Italy's football association FIGC on Tuesday opened an investigation into allegations Juventus paid salaries to its players that were different from those it publicly reported.

Potential penalties include points deductions or relegation.

On Tuesday, Spain's La Liga demanded sports sanctions be applied to Juventus for allegedly breaching European soccer's financial fair play rules.

Speaking about the club's financial situation, "Juventus has no requirement of capital," Exor CEO John Elkann said on Wednesday at a business presentation of the holding company of Italy's Agnelli family, who have been associated with the club for almost a century.

Exor is the controlling shareholder in Juventus and the club's shares also trade on the Milan Stock Exchange.

"Football is a very valuable sector, the ingredients that Juventus has and the leadership ahead are going to make the difference," Elkann added.

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Oladimeji Balogun
Oladimeji Balogun

Oladimeji Balogun is a graduate of the University of Ilorin where he studied Microbiology, he is a w...

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Serie A 2022/2023 TABLE

Serie A
No Teams P Pts
1 Napoli 10 26
2 Atalanta 10 24
3 AC Milan 10 23
4 Roma 10 22
5 Lazio 10 21
Full Table

SPORTS SPOTLIGHT

Juventus
Juventus

Juventus Football Club colloquially known as Juventus and Juve is an Italian professional association football club based in Turin...

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