Juventus Is ‘Cooperating With The Authorities’ In Their Inquiry Into The Club’s Finances

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After an inquiry into transfers at the Italian giant, Juventus has revealed that it is working with police. Between 2019 and 2021, the probe is looking at “revenues from players” registration rights.

Andrea Agnelli, the company’s owner and chairman, as well as vice president Pavel Nedved and chief financial officer Stefano Cerrato, are being investigated. Officials are said to have stormed Juventus’ offices in Turin and Milan.

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The investigation is looking at whether senior managers at Juventus provided fraudulent information to investors and produced invoices for non-existent transactions, according to Turin prosecutor Anna Maria Loreto. Juventus said in a statement on Saturday that it was “cooperating with the investigations” and “trusts that any aspect of interest to it will be clarified.”

The club went on to say that it “believes to have acted in accordance with the laws and regulations governing the preparation of financial reports, in accordance with accounting principles, and in line with international practice in the football industry and market conditions,” adding that it “believes to have acted in compliance with the laws and regulations governing the preparation of financial reports, in accordance with accounting principles and in line with the international practice in the football industry and market conditions.”

Juventus revealed in September that it was the focus of a market regulator’s probe for revenue collected from player transfers.

Source: BBC Sport

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