Juventus closed the year with a loss of 238 million Euros! – Breaking Italian Serie A news



According to the news in the Italian press, the financial situation was discussed at the club shareholders’ meeting held at the Allianz Arena, the stadium of the black and white club.


Shareholders have confirmed the financial statements that the club made a loss of around 238m euros in the 2021-2022 financial season, which ended in June.


Juventus, who have been champions for 9 consecutive seasons from 2011 to 2020, have been able to finish the season in 4th place in Serie A for the last two years.


Former President Andrea Agnelli, who resigned after 12 years with the board of directors on November 28, because Juventus is at the center of the financial corruption investigation by the Turin Public Prosecutor’s Office, addressed the shareholders.


Agnelli stated that resigning from the presidency of the club was not an easy decision for him. “I believe that we have done well in these years and that the allegations against us are not justified. However, I thought it would be appropriate to continue to protect the interests of the club and step back. That’s why Juventus comes first. To the end.” used the phrases.


“PRISMA” INVESTIGATION


Searches at the club’s offices in Turin, Milan and Rome in November 2021 and March 2022, within the framework of the investigation called “Prisma”, which was started by the Turin Prosecutor’s Office in May 2021 and examined the financial accounts of Juventus for the period 2019-2020 and 2020-2021. was also done.


Managers and football players Paulo Dybala, Alex Sandro and Federico Bernardeschi, who were in the black-and-white club during the aforementioned period, were also summoned by the prosecutor’s office to testify within the framework of the investigation.


It was stated that the prosecutors carrying out the investigation detected financial irregularities such as unfair earnings, incomplete or false declarations in the financial accounts of the club for the 2019-2021 period, especially in football player transfers and salaries.


In addition to the fact that the Attorney General’s Office completed its investigation last October, it was reflected in the press that the shortcomings identified in this process led the club management to resign, and Agnelli and his management decided to resign to protect the club’s interests.


Juventus President Agnelli, Vice President Pavel Nedved, Chief Executive Officer Maurizio Arrivabene resigned on 28 November.


Exor Holding brought accountant Gianluca Ferrero to the club presidency vacated by Agnelli.


UEFA also launched an investigation against the Italian team Juventus on 1 December on the grounds of possible violation of financial fair-play and club license rules.


Due to the deepening of the investigation by the Turin Public Prosecutor’s Office, the Italian Football Federation (FIGC) re-started its investigation for Juventus and 8 clubs on 22 December, aiming to show different unfair capital gains and transfer values, which it had previously closed in terms of sports.




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