The Court of Appeal of the Italian Football Federation (FIGC) He explained on Monday that the 15-point penalty imposed on Juventus for the generation of capital gains in the balance sheet was due to “the seriousness and the repeated and prolonged nature of the violation.”
The Italian sports court authorized the Turin club for increasing the real market price of its players in order to obtain more benefits from their subsequent sale, known as the formation of a fictitious capital gain that allows the entity to balance its balance sheets for at least three years (2019, 2020 and 2021).
In this way, losses were reduced, the team was not recapitalized and strengthened by an invisible lowering of the salary cap.
“The Juve committed a breach of sporting discipline, due to the seriousness and the repeated and prolonged nature of the offence”, explained the FIGC in a 36-page report.
The report explains that the Turin club is considered guilty “given the documentation intercepted from the managers with confessional value and the related documents, the clear interceptions (wiretapping) and the subsequent evidence with relating to concealment of documentation or even manipulation of invoices”.
The Court upheld the sanctions imposed on the executives involved, including Andrea Agnelli (2 disabled people), and the acquittal of the other eight clubs involved (Sampdoria, Pro Vercelli, Genoa, Parma, Pisa, Empoli, Novara and Pescara) and their respective directors and coaches.
“The omnipresence at all levels of the awareness of the artificiality of the ‘modus operandi’ of the company itself is striking: from the sports director of the time (Paratici) to his immediate collaborator (Cherubini); from the Chairman of the Board of Directors (Agnelli) to the CEO (Arrivabene)”, directed the FIGC in the report.
The technician of ‘Juve’, the Italian Massimiliano Allegrialso appears in the report as being aware of the club’s practice, but to a lesser degree and acting “in good faith”.
“In some cases, they act with a global awareness of the artificiality of the operations performed. In other cases, with a more superficial awareness or perhaps even with good faith (referring to Allegri), but in any case it was concluded that everyone is directly or indirectly aware of a situation that is now out of control,” he added.
The Italian club now has 30 days to appeal the Sports Guarantee College of the Italian Olympic Committee (CONI), the third and last level of sports justice in the country.
The ‘juve’ It is also being investigated for a possible case of tax fraud, as it ensured that it agreed to a reduction in the salaries of its players to alleviate the economic situation caused by the pandemic, but the persecution discovered that the agreement was not for a salary waiver, but for a payment deferral for three of the four agreed months (from March to June 2020).
The payment does not appear in that year’s fiscal year, so the Prosecutor’s Office considers it a crime of tax fraud.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
