Juve investigation: here’s what the top management, the club and the team are at risk

The criminal consequences in case of guilt, the federal prosecutor decides on the sporting level

With the requests for indictment, for Agnelli, Nedved and Arrivabene among others, the investigation by the Turin prosecutor’s office on the accounts of Juventus takes a step forward. The disputed crimes, which can be updated according to the needs that may arise, are those of false corporate communications, obstruction of the exercise of the functions of the public supervisory authorities, market manipulation and fraudulent declaration through the use of invoices or other documents for non-existent transactions .

The investigation, launched in November a year ago, concerns the financial statements of three years, 2019, 2020, 2021, for which the prosecution, in concrete terms, hypothesizes fictitious capital gains and maneuvers on the salaries of football players, especially during the Covid pandemic . The defense of Juventus, which with the resignation of the entire board of directors has tried to preserve the position of the company, and consequently of the team, is based on two main theses: the objections of the Public Prosecutor’s Office “do not appear to be founded” and “every sporting sanction would be completely unfounded” given that the balance sheets are not altered.


What are suspects at risk? It is necessary to start from the penalties envisaged for the disputed crimes. For false accounting, imprisonment from three to eight years; for the

market manipulation, imprisonment from one to six years and a fine from twenty thousand euros to 5 million;
for hindering the exercise of the functions of the public supervisory authorities,
imprisonment from one to four years; for the
fraudulent declaration through the use of invoices for non-existent transactions, imprisonment from four to eight years.
Agnelli, Nedved and former sporting director Paratici, now at Tottenham, are under investigation for all 4 offences. The CEO Arrivabene is under investigation for the crime of false accounting relating to the years 2019, 2020 and 2021, market manipulation and obstacle to the exercise of the functions of the public supervisory authorities for 2021.

What is Juventus risking? The alleged crime is linked to liability for tax crimes and market abuse. For tax crimes, the fine is up to five hundred quotas, and can be increased up to one third. For market abuse, the fine ranges from four hundred to one thousand quotas. A single share goes from 258 to 1549 euros.

What the Juventus team risks. On the sporting level, it is the federal prosecutor who has to move. In the specific case, the Sports Justice Code should be looked at. Article 31 provides for the penalty of one or more points in the standings for those who “by falsifying their accounting or administrative documents, make use of the services of professional sportsmen with whom they could not have stipulated contracts on the basis of the federal provisions in force”. However, the penalty must have a concrete consequence, whoever is guilty must lose something. In the case of Juventus, it could be qualification for the Champions League. If, on the other hand, the penalty is irrelevant, it is applied in the following season. The relegation hypothesis, on the other hand, is linked exclusively to one hypothesis: in the event of falsification of accounting documents in order to obtain registration for the championship, the maximum penalty would be reached which involves exclusion from the tournament or relegation.



Source-www.adnkronos.com