Juventus Accounts Fraud: Juventus Points Deducted – Juventus BANNED – Seria A giant Juventus face a Massive Penalty. The Club has been slapped with a -point deduction in the league. The Board executives who resigned from their posts in November of last year have been BANNED from football. The news comes after the Federal Court accepted the appeal made by the Prosecutor’s office on the basis of Accounts Fraud made by the Italian club. Follow Latest Football Updates with InsideSport.IN.
Juventus Accounts Fraud: Seria A giants Juventus FACE Massive Penalty by 15 POINTS DEDUCTION, Broad Executives BANNED from Football – Follow Live Updates
A statement from the Italian Football Federation (FIGC) confirmed the punishment in a statement that read: “The Federal Court of Appeal presided over by Mario Luigi Torsello has partially accepted the appeal of the Federal Prosecutor’s Office… sanctioning Juventus with 15 penalty points to be served in the current football season and with a series of inhibitions for 11 Juventus executives (30 months for [Fabio] Paratici, 24 months for [Andrea] Agnelli and [Maurizio] Arrivabene, 16 months for [Federico] Cherubini, eight months for [Pavel] Nedved, [Paolo] Garimberti, [Enrico] Vellano, [Assia] Venier, [Caitlin] Hughes, [Daniela] Marilungo and [Francesco] Roncaglio).”
More on Serie A “Plusvalenze Gate” on capital gain violations.
▫️ Deduction of 15 points for Juventus, club can still appeal to CONI Guarantee College.
▫️ 2.5 years inhibition for Fabio Paratici, 2 years for Agnelli and Arrivabene, 8 months for Nedved, 1.4 years for Cherubini.
— Fabrizio Romano (@FabrizioRomano) January 20, 2023
Juventus Accounts Fraud: Seria A giants Juventus FACE Massive Penalty by 15 POINTS DEDUCTION, Broad Executives BANNED from Football – Follow Live Updates
Paratici is now managing director of football at England’s Premier League club Tottenham Hotspur. Juventus have denied wrongdoing and said their accounting was in line with industry standards. Juve and other clubs will give their defence on Friday before the soccer court decides on its verdict.
The case centred on the values attached to players exchanged between clubs. The capital gain from a player transfer goes straight onto a club’s accounts while the cost of a purchase can be spread over the life of a contract, creating scope to flatter the balance sheet with inflated valuations.
Juventus Accounts Fraud: Seria A giants Juventus FACE Massive Penalty by 15 POINTS DEDUCTION, Broad Executives BANNED from Football – Follow Live Updates
Juventus in their official statement said, “With the revoked ruling, the Federal Court of Appeal had rejected the complaint lodged by the Federal Prosecutor’s Office against the decision of the Federal National Court which, in turn, had acquitted Juventus and the other persons deferred for the absence of any disciplinary offense in relation to the assessment of the effects of certain transfers of players’ registration rights on the balance sheets and the recognition of capital gains.”
The Company is awaiting the publication of the reasons and announces as of now the appeal to the Sports Guarantee College in terms of the Sports Justice Code.
Juventus Accounts Fraud: Seria A giants Juventus FACE Massive Penalty by 15 POINTS DEDUCTION, Broad Executives BANNED from Football – Follow Live Updates
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