UEFA announced they have opened a formal investigation into Juventus for potential Club Licensing and Financial Fair Play breaches, so could terminate the settlement agreement, impose fines or even exclude them from the Champions League.
The Bianconeri are facing three different investigations now, a legal one from the Turin prosecutor who has recommended 12 people be put on trial, and sporting ones in Italy and Europe.
A statement from UEFA this evening confirmed a formal investigation has begun into “alleged financial violations” that emerged from the evidence put together by the public prosecutor in Turin.
This includes wiretapped conversations, paperwork from raids on their offices and even a recording that was taken by bugging a restaurant known to be frequented by the club directors.
“On 23 August 2022, the CFCB First Chamber concluded a settlement agreement with Juventus FC. This settlement agreement was concluded on the basis of the financial information previously submitted by the club pertaining to the financial years closing in 2018, 2019, 2020, 2021 and 2022.
“In the event that, after conclusion of this investigation, the club’s financial situation was significantly different from that assessed by the CFCB First Chamber at the time the settlement agreement was concluded, or if new and substantial facts arise or become known, the CFCB First Chamber reserves the right to terminate the settlement agreement, take any legal step it may deem appropriate and impose disciplinary measures in accordance with the applicable UEFA CFCB Procedural Rules.”
That effectively means that Juventus risk a range of punishment from UEFA, up to and including exclusion from their tournaments the Champions League, Europa League and Conference League.
The settlement agreement was only finalised in August 2022, allowing Juventus to pay €3.5m to cover the balance problems between 2019 and 2022.
Before it was Ocean’s Eleven now it’s Ocean’s Twelve. The McD’s of Europe need not to worry. I am sure the higher ups at Exor have links to Uefa but they will need to beg given the relationship Agnelli created with Ceferin. Domestically I am not bothered, but I hope they are not punished in Europe. The continent needs the 1/6 to have its regular whipping boys moulded by the dinosaur king himself, PhD Max.
guilty
Lock em up!