Fri 02 December 2022 | 11:18

UEFA opens investigation into Juventus over potential financial fair play breaches

UEFA has opened a formal investigation into Juventus' alleged financial violations just two days after the entire Juventus board resigned.

On Thursday, the Turin prosecutor’s office requested indictments for former president Andrea Agnelli and 10 other former board members of Juventus amid allegations of false accounting.

Prosecutors have been investigating accounting and statements Juventus has made to financial markets over the past three years.

The entire board of


including president Andrea Agnelli and vice-president Pavel Nedved resigned on Tuesday. In a statement on Wednesday, Juventus denied any wrongdoing.

UEFA confirmed on Thursday that they have opened an investigation into Juventus on the alleged financial violations recently made public.

"The CFCB First Chamber has today opened a formal investigation into Juventus FC for potential breaches of the Club Licensing and Financial Fair Play regulations,"

a statement read.

"The CFCB First Chamber investigation will focus on the alleged financial violations that were recently made public as a result of the proceedings led by the Italian Companies and Exchange Commission (CONSOB) and the public prosecutor in Turin.

"On 23 August 2022, the CFCB First Chamber concluded a settlement agreement with Juventus FC. This settlement agreement was concluded on the basis of the financial information previously submitted by the club pertaining to the financial years closing in 2018, 2019, 2020, 2021 and 2022.

"In the event that, after conclusion of this investigation, the club’s financial situation was significantly different from that assessed by the CFCB First Chamber at the time the settlement agreement was concluded, or if new and substantial facts arise or become known, the CFCB First Chamber reserves the right to terminate the settlement agreement, take any legal step it may deem appropriate, and impose disciplinary measures in accordance with the applicable UEFA CFCB Procedural Rules.

"The CFCB First Chamber will cooperate with national authorities and will make no further comment on the matter while the investigation is ongoing."

source: SportMob

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