Juventus, UEFA investigation for violations of financial fair play

The investigation by the First Chamber of the Club financial control body will focus on the alleged financial violations recently made public

There UEFA has opened an official investigation into Juventus. This was announced by the European Football Federation itself with a statement in which reference is made to the investigation by the Turin prosecutor’s office into the club’s financial statements. “The First Chamber of the Club’s Financial Control Body has today opened a formal investigation into Juventus FC for potentials violations of club licensing and financial fair play rules“.

“The investigation by the First Chamber of the Club financial control body (Cfcb) will focus – the statement continues – on the alleged financial violations recently made public following the proceeding conducted by Consob and the Public Prosecutor of Turin. On 23 August 2022, the CFCB First Section has concluded a settlement agreement with Juventus FC. This settlement agreement was concluded on the basis of the financial information previously presented by the Company relating to the financial years ended in 2018, 2019, 2020, 2021 and 2022”.

“In the event that, after the conclusion of this investigation, the financial situation of the club is significantly different from that assessed by the First Section of the CFCB at the time of the conclusion of the settlement agreement, or if new and material facts emerge or become known, the First Section Cfcb reserves the right to terminate the settlement agreement, take any legal action deemed appropriate and impose disciplinary measures in accordance with the applicable UEFA Rules of Procedure. The CFCB First Chamber will co-operate with national authorities and will not issue further comment on the matter while the investigation is ongoing.”



Source-www.adnkronos.com