A judge in Turin on Monday began examining whether former Juventus Chairman Andrea Agnelli, 11 other people and the club itself should face trial over allegations of false accounting at Italy’s most successful soccer team.
On the first day of a hearing behind closed doors, initial procedural issues were addressed before adjournment until May 10. The hearing is expected to last several months, after which judge Marco Picco will decide whether to order a trial.
Last December, prosecutors requested to send all the defendants to trial after investigating the club’s accounting and statements made to financial markets in three recent years.
Turin prosecutors alleged that the club understated its financial losses for three seasons - 2018-19, 2019-20 and 2020-21.
They have been looking into the values ascribed to player transfers between clubs and whether, as stated, salaries were sacrificed during the COVID-19 pandemic or simply deferred.
Juventus has denied wrongdoing and said its accounting is in line with industry standards.
The case has stirred strong feelings in soccer-mad Italy. Juventus, owned by the Agnelli family for a century, enjoys strong support around the country but its wealth and success have stoked resentment from fans of rival teams.
One of three prosecutors in charge of the case against the club last week stepped aside from the proceedings after the emergence of previous derogatory comments he made about the team and his stated support for Serie A rival Napoli.
Agnelli stepped down as chairman, resigning along with the rest of the club board in late November, days before the prosecutors’ request for a trial.
The Turin criminal investigation has triggered a separate inquiry over the club’s finances by Italy’s sport authority, which resulted in a 15-point deduction for Juventus this season.
Comments
SHARE