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Italian tax police seize Juventus documents investigating alleged false accounting

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Italian tax police have seized documents as part of an investigation by the Turin public prosecutor’s office into allegations of incorrect accounting at Italian Serie A football club Juventus.

The documents were seized during police searches on Wednesday at the offices of law firms and agents in Turin, Milan and Rome advising players on the terms of their salary packages in the 2019-2020 and 2020-2021 football seasons, a source said.

Juventus declined to comment.

The club, owned by the Agnelli family, have said in the past that they have always acted within the law and fully cooperated with the authorities.

Turin’s Juventus announced in an investor document in December, as they prepared to raise €400m in equity, that prosecutors were examining their financial accounts and also examining the terms of the sale of player Cristiano Ronaldo to Manchester United.

Widening their investigation into alleged false accounting, prosecutors are now looking into whether Juventus’ financial statements were inaccurate because the club booked cuts to players’ compensation which it knew would later be offset by higher salaries based on its agreements with players .

The club’s shares fell 1.6% this morning, while Italy’s all-share index rose 0.3%.

https://www.independent.ie/sport/soccer/italian-tax-police-seize-juventus-documents-probing-alleged-false-accounting-41482221.html Italian tax police seize Juventus documents investigating alleged false accounting

Fry Electronics Team

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