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Juve funds: prosecutors, hidden erosion of share capital

2022-10-25T21:14:46.438Z


Legal companies retort, "all in compliance with laws and regulations" (ANSA) A castle of lies, fictions and accounting tricks. This emerges from the 19 pages of the indictment in the investigation into Juventus funds that the Turin prosecutor notified the president Andrea Agnelli, the vice president Pavel Nedved and thirteen other suspects for crimes that, for various reasons, range from false invoices to false corporate communications, from manipulation to obstacle to the


A castle of lies, fictions and accounting tricks.

This emerges from the 19 pages of the indictment in the investigation into Juventus funds that the Turin prosecutor notified the president Andrea Agnelli, the vice president Pavel Nedved and thirteen other suspects for crimes that, for various reasons, range from false invoices to false corporate communications, from manipulation to obstacle to the supervisory authorities.

The alleged 'artificial' capital gains, quantified at around 115 million euros over three years, are the main chapter.

But there are also the background on the 'salary maneuver', the papers signed under the counter (the one on Cristiano Ronaldo, non-existent or otherwise, has never come out), the irregular communications to Consob.

All this, prosecutors say, to "hide the

But the Turin prosecutor intends to make use of the conversations between managers and collaborators intercepted by the financial police during the investigation.

A consultant for the magistrates calculated the impact that the alleged accounting tricks would have had on the Juventus coffers.

In the approved financial statements relating to the years between 2018 and 2020, operating losses lower than the real ones would have been indicated: for the 2018 financial year, a positive net equity of 31 million instead of negative for 13 million was shown;

positive for 2019 for 239 million instead of 47 million;

for 2020 positive for 28 million instead of negative for 175 million.

According to defense lawyers Maurizio Bellacosa and Davide Sangiorgio, these are figures "exceeded and absorbed" by the two massive capital increases "

Instead - the Juventus lawyers reply - it was expected that any additions would be negotiated if and when the sporting competitions were resumed.

The changes to salaries have been accounted for in compliance with the rules ".

Source: ansa

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