Juventus again mired in scandal as Agnelli and board resign
DOHA, Qatar (AP) — Scandal. Titles. Extra scandals.
Success and controversy are by no means removed from one another in Juventus, which has entered disaster mode once more after the resignation of membership president Andrea Agnelli. and the group’s complete board, following an investigation into alleged miscalculation by Turin prosecutors.
The transfer comes 16 years after the “Calciopoli” refereeing scandal, by which Juventus, a document 36-time Italian champion, fell into Serie B and stripped him of two Serie A titles.
In between, there have been a document of 9 consecutive Serie A titles, 5 Coppa Italia trophies and 5 Italian Tremendous Cup wins.
The highest prize Juventus constantly miss is the Champions League in Europe’s most essential competitors, with solely two titles coming in 1985 and 1996.
It was the pursuit of this coveted continental trophy that led Juventus to signal Cristiano Ronaldo in 2018 in a €100 million ($103 million) switch from Actual Madrid. Nevertheless, the Turin membership exacerbated by the COVID-19 pandemic.
Turin prosecutors apparently found extra hidden funds to Ronaldo that weren’t reported by Juventus, that are traded on the Milan inventory change.
Ronaldo left Juventus for Manchester United final yr.
“Juventus will proceed to cooperate and cooperate with supervisory and business officers, with out prejudice to the protection of its rights concerning objections raised by Consob (the inventory change regulator) and the prosecution in opposition to the corporate’s monetary statements and press releases. Juventus introduced their resignations in a press release.
Agnelli, vp Pavel Nedved and CEO Maurizio Arrivabene are among the many 15 individuals who may very well be prosecuted for alleged miscalculation and irregularities in participant transfers.
Prosecutors are investigating whether or not Juventus has obtained unlawful commissions on switch and participant loans since final yr. The lawsuit additionally investigates whether or not traders had been misled by invoices for non-existent transactions to point out income that may very well be thought of misrepresentation.
The lawsuit consists of participant contracts, transfers and supervisor offers between 2018 and 2020.
Firstly of the pandemic, Juventus mentioned 23 gamers had agreed to chop their salaries for 4 months to assist the membership get by means of the disaster. Nevertheless, prosecutors declare that the gamers solely forgo one month’s wage.
The shareholders’ assembly, which was postponed to 27 December, was postponed to 18 January for the election of the brand new board of administrators.
Whereas sports activities officers initially withdrew their investigation into Juventus’ alleged miscalculation, the Italian soccer federation’s prosecutor has since requested paperwork from Turin officers, who led the investigation – which means Juventus might threat being penalized in Serie A.
Juventus have had a nasty begin this season, already knocked out of the Champions League, and have additionally received simply two of their 9 opening video games in Serie A this season. Nevertheless, Bianconeri had six straight wins within the Italian league earlier than the World Cup break.
Juventus coach Massimiliano Allegri has up to now survived turmoil on and off the sector and will even now be given larger powers, together with switch selections, within the sports activities division.
Serie A resumes on January 4th.
In September, Juventus reported a document lack of 254.3 million euros ($246 million) for the 2021-22 fiscal yr. It was the fifth yr in a row that Juventus had reported losses, making 44.4 million euros ($43 million) greater than in 2020-21.
Agnelli was additionally one of many architects of the failed European Tremendous League venture, and remains to be clinging to the trouble alongside Actual Madrid and Barcelona.
On Tuesday, the Spanish league issued a press release demanding “fast sports activities sanctions” in opposition to Juventus, saying it filed a grievance with UEFA in April for monetary truthful play violations.
The concussion at Juventus comes in the midst of a busy week for the Agnelli household, who controls Juventus and Ferrari.
Ferrari introduced on Tuesday it’s parting methods with Mattia Binotto After 28 years – as 4 presidents of the Method 1 group – after a season crammed with failed technique selections that price Charles Leclerc his likelihood to struggle for the title.
Andrew Dampf at: https://twitter.com/AndrewDampf
AP World Cup protection: https://apnews.com/hub/world-cup and https://twitter.com/AP_Sports
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