FFP: UEFA Opens Investigation On Juventus

UEFA has opened an investigation into Juventus for potential breaches of its club licensing and financial fair play regulations.
In August, Uefa reached a settlement with Juve on the basis of financial information for between 2018 and 2022, and on Monday the club’s entire board resigned over accounting issues.
It was repored yesterday that Italian prosecutors have requested that former Juve chairman Andrea Agnelli, 11 others and the club itself stand trial over allegations of false accounting.
Prosecutors in Turin, where Juve are based, have been investigating the club’s accounting and statements made to financial markets over the past three years.
They allege the club understated their financial losses for three seasons – 2018-19, 2019-20 and 2020-21.
They have looked into the values ascribed to player transfers between clubs and whether, as stated, salaries were sacrificed during the Covid-19 pandemic or simply deferred.
Spain’s La Liga released a statement on Tuesday, renewing its calls for “immediate sports sanctions” to be placed on Juve, who finished fourth in the league last season and made a €254.3m (£220m) loss, a record in Italy.
Last November, Juventus said they were co-operating with police after an investigation was launched into the club’s transfers.
Uefa’s club financial control body (CFCB) first chamber reached a settlement based on information submitted by Juve pertaining to the financial years ending in 2018, 2019, 2020, 2021 and 2022
However, in a statement, it said that “after conclusion of this investigation, the club’s financial situation was significantly different from that assessed by the CFCB first chamber”.
It added that “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”.
The CFCB first chamber says it will “cooperate with national authorities” while Juve had no comment as at yesterday.
The club have repeatedly denied any wrongdoing and said on Wednesday that they would defend their interests with all sporting and legal bodies.