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Juventus of Turin in financial and judicial turmoil

2022-12-27T17:38:09.723Z


The most successful club in Italy, controlled by the Agnelli family, is accused of having made up its accounts from 2018 to 2021.


Almost 240 million euros.

It is the net loss for the financial year ended June 30 that the shareholders of Juventus of Turin, meeting in general meeting this Tuesday, December 27, approved.

The previous year, the loss was barely less significant (227 million euros).

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The 2021/2022 financial year is the fifth in a row to post losses.

The economic situation of the "old lady", the most successful club in Italian football, is therefore tense.

But there is worse: Italian justice suspects the company of having embellished its accounts beyond what the law authorizes.

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The club would thus have inflated its income statement for the financial years 2018 to 2021, by recognizing non-existent capital gains or, at least, questionable.

Of the 322 million euros in capital gains from transfers made over the period, the courts consider 282 million euros to be suspicious, of which 155 million euros are qualified as

“fictitious”

.

What the management of the club strongly disputes.

As a precaution, all…

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Source: lefigaro

All business articles on 2022-12-27

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