A financial consultant brought in to analyse the Juventus accounts reportedly told the public prosecutor that these ‘did not faithfully represent’ their economic situation.
The Bianconeri are under investigation by the FIGC, UEFA and above all the public prosecutor in Turin over allegations of financial mismanagement.
They are accused of artificially inflating the value of players in transfer exchanges to boost capital gains, and of misleading the stock marker and investors by announcing the squad had given up on four months of wages, whereas instead they were paid separately.
In order to go through the paperwork and check for any potential discrepancies, the public prosecutor brought in Enrico Stasi, the professor at the School of Management in Turin, as a consultant.
According to La Repubblica newspaper, Stasi advised them that “the Juventus balance sheets do not appear to be drawn up using norms and rules set out by the Consob and principle international accounting systems.”
The professor reportedly found that “the transfer operations were not correctly or faithfully represented” in the accounts.
When it comes to the announcement that players had decided to give up four months of wages during the pandemic in March 2020, that statement “does not provide a complete and correct description of the agreement with the players and coach” over their salaries.
Juventus have released several statements assuring they have looked over the books and that their accounting system is perfectly legal.
Europe’s great crooks
@Petz Of Europe? When they are not even the worst in Serie A…