AP

Agnelli, Juve officials could face false accounting trial

Oct 25, 2022, 3:37 AM | Updated: 8:02 am

TURIN, Italy (AP) — Juventus president Andrea Agnelli, vice president Pavel Nedved and CEO Maurizio Arrivabene are among 15 people who could face a trial for alleged false accounting and irregularities in player transfers following a notification from the public prosecutor’s office in Turin.

Prosecutors have been investigating since last year whether Juventus, which is listed on the Milan stock exchange, cashed in on illegal commissions from transfer and loans of players. The case is also exploring if investors were misled with invoices being issued for non-existent transactions to demonstrate income that in turn could be deemed false accounting.

The case involves player contracts, transfers and agent dealings between 2018 and 2020.

Juventus said in a statement on Tuesday that it “remains convinced” that it “operated according to the laws and rules that govern financial relations” and complied with “international customs of the football industry.”

Juventus lawyer Maurizio Bellacosa and Agnelli’s lawyer Davide Sangiorgio said that sports courts have already cleared Juventus of wrongdoing on two occasions for the same case and that there is “nothing new” since those decisions were made.

The prosecutor’s office announced on Monday that 16 subjects were under investigation: Juventus and 15 people. A request for home arrest for Agnelli was rejected by a preliminary judge.

Last month, Juventus reported a record loss of 254.3 million euros ($246 million) for the 2021-22 financial year. It was the fifth consecutive year that Juventus reported a loss, and it was 44.4 million euros ($43 million) more than in 2020-21.

Juventus, the record 36-time Italian champion, has also struggled on the field recently after a record run of nine straight Serie A titles from 2012 to 2020. Juventus finished fourth the past two seasons and is currently placed eighth in Serie A.

___

AP World Cup coverage: https://apnews.com/hub/world-cup and https://twitter.com/AP_Sports

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

A Gila monster is displayed at the Woodland Park Zoo in Seattle, Dec. 14, 2018. A 34-year-old Color...

Associated Press

Colorado man dies after being bitten by pet Gila monster

A Colorado man has died after being bitten by his pet Gila monster in what would be a rare death by one of the desert lizards if the creature's venom turns out to have been the cause.

14 hours ago

Police clear the area following a shooting at the Kansas City Chiefs NFL football Super Bowl celebr...

Associated Press

1 dead, many wounded after shooting at Kansas City Chiefs’ Super Bowl victory parade

One person died after 22 people were hit by gunfire in a shooting at the end of the Kansas Chiefs' Super Bowl victory celebration Wednesday.

8 days ago

This image from House Television shows House Speaker Mike Johnson of La., banging the gavel after h...

Associated Press

GOP-led House impeaches Homeland Security Secretary Mayorkas — by one vote — over border management

Having failed to impeach Homeland Security Secretary Alejandro Mayorkas the first time, House Republicans are determined to try again Tuesday.

9 days ago

Defense Secretary Lloyd Austin, right, and Kenya's Defense Minister Aden Duale, left, listen during...

Associated Press

Defense Secretary Lloyd Austin hospitalized with bladder issue

Defense Secretary Lloyd Austin has been hospitalized following symptoms pointing to an “emergent bladder issue."

10 days ago

Joel Osteen, the pastor of Lakewood Church, stands with his wife, Victoria Osteen, as he conducts a...

Associated Press

Woman firing rifle killed by 2 off-duty officers at Houston’s Lakewood Church run by Joel Osteen

A woman entered the Texas megachurch of Joel Osteen and started shooting with a rifle Sunday and was killed by two off-duty officers.

11 days ago

Follow @ktar923...

Sponsored Content by Midwestern University

Midwestern University Clinics: transforming health care in the valley

Midwestern University, long a fixture of comprehensive health care education in the West Valley, is also a recognized leader in community health care.

Sponsored Articles

...

Day & Night Air Conditioning, Heating and Plumbing

Day & Night is looking for the oldest AC in the Valley

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.

...

Collins Comfort Masters

Avoid a potential emergency and get your home’s heating and furnace safety checked

With the weather getting colder throughout the Valley, the best time to make sure your heating is all up to date is now. 

...

Day & Night Air Conditioning, Heating and Plumbing

Valley residents should be mindful of plumbing ahead of holidays

With Halloween in the rear-view and more holidays coming up, Day & Night recommends that Valley residents prepare accordingly.

Agnelli, Juve officials could face false accounting trial