The ongoing investigations into Juventus have left the club in disarray and their share price has plummeted, reports detail.
Calciomercato.com reports that Juventus’ shares lost 3.7% at the opening of the stock market this morning, touching the lowest ever numbers recorded back in 2016. The club’s market capitalisation has dropped to €623m.
The Turin Public Prosecutor’s Office are currently investigating Juventus for their financial practices, namely the accusations of falsified capital gains and allegedly paying players salaries in secret during the early stages of the COVID pandemic, despite publicly stating that these had been waived.
UEFA are also keeping a close eye on the situation and have requested documents from the Turin Public Prosecutor’s Office. Juventus risk penalties and could be excluded from European competitions, although a hefty fine seems to be the more likely outcome at this stage.
Juventus disagreed with Deloitte’s financial review recently and claimed that they had acted in a responsible and legal manner.
Haha
The issue is whether the stocks were worth anything in the first place considering the burger flippers of the continent have never won in Europe in this Century.