Juventus confident they can ‘demonstrate correctness’ in capital gains

Juventus have released a statement assuring they are confident that the potential reopening of the investigation into inflated capital gains will allow the club to ‘further demonstrate the correctness of its actions.’

The Bianconeri are one of nine clubs who were originally cleared of wrongdoing in April and then May, because it was ruled that it was impossible to accurately judge how much a player is worth other than the fee two clubs agree upon.

However, the FIGC prosecutor announced it is appealing to revoke that verdict based on new evidence received from the Turin public prosecutor’s investigation into Juventus, including confiscated documents and wiretapped telephone conversations.

Napoli and Chievo are exempt from the appeal, because the new evidence only relates to those clubs who did deals with Juventus, namely Sampdoria, Pro Vercelli, Genoa, Parma, Pisa, Empoli, Novara and Pescara.

A statement was released by Juventus this evening assuring they will welcome the new opportunity to present their case to the authorities and that their treatment of capital gains is perfectly legal.

“Juventus Football Club S.p.A. (“Juventus” or the “Company”) informs that tonight it has received, together with 8 other Italian football companies and respective senior managers at the time of the events, from the Federal Prosecutor’s Office before the F.I.G.C. (Federazione Italiana Giuoco Calcio), a “impugnazione per revocazione parziale, ex art. 63, del C.G.S., della decisione della Corte Federale di Appello, Sezioni Unite, n. 0089/CFA-2021-2022 del 27 maggio 2022, divenuta definitiva” (appeal by partial revocation, pursuant to Article 63, of the C.G.S., of the decision of the Federal Court of Appeals, United Sections, No. 0089/CFA-2021-2022 of May 27, 2022, which became definitive).

“Pursuant to the decision, the Federal Court of Appeals had rejected the appeal (“reclamo”) brought by the Federal Prosecutor’s Office against the decision of the National Federal Court, which, in turn, had acquitted Juventus and the other parties charged because of the lack of any disciplinary offence with regard to the evaluation of the effects of certain transfers of players’ rights on financial statements and the accounting of capital gains.

“The Company will articulate its defenses within the terms provided by the Code, trusting that it will be able to further demonstrate the correctness of its actions, the absence of new elements relevant to the judgment with respect to the decision of the Federal Court of Appeals, and the lack of the prerequisites of the proposed appeal.”