Investigation into Juve accounts, new searches

The “salary maneuver” of Juventus enters the crosshairs of the Turin prosecutor’s office. The financial police, on the advice of prosecutors, carried out a series of searches in the Piedmontese capital, in Milan and in Rome. It is an evolution of the capital gains survey – 282 million euros in three years – which last winter resulted in the inscription of the top managers of the Juventus club on the register suspects. The papers relating to the budgets for the 2019-20 and 2020-21 seasons have been taken. This time, the light was turned on the accounting expedient which, according to what had leaked in the press at the time, had been taken to ward off the effects of the economic crisis which had hit the world of football due to the pandemic: deferral to the following year of players’ salaries for four months. The magistrates want to understand if the procedure followed was correct from an accounting point of view. Their idea is that the reductions and additions were agreed at the same time. Then, however, the two positions would be arranged in two different budgets: in the first the reductions were inserted, with the consequent reduction of the costs related to the salary, and in the following the integrations. Incorrect procedure, according to the investigators, because the club knew well in advance that it would have to pay the sportsmen. According to the papers of the investigations, it appears that the prosecutors investigating Juventus have come across the “practice” of keeping certain confidential documents outside the headquarters and then proceeding to their “destruction” once their purpose of “guarantee” has been exhausted . Hence the searches that involved studies and law firms and agents who looked after the interests of players. Regarding the issue of capital gains, President Andrea Agnelli, MP Pavel Nedved and five other people, including executives and former executives, were investigated. Juventus is implicated as a legal entity and, on the criminal justice front, in the event of conviction risks a heavy financial penalty. Following the Covisoc report, the FIGC federal prosecutor is also dealing with capital gains, which notified the Juventus club on February 21 of the conclusion of the investigation. The magistrates were also interested in an alleged private agreement between Juventus and Cristiano Ronaldo of which they had found traces in an interception but which, in the state of the investigation, would not have yet seen the light of day.