Prosecutors seek trial for former Juventus chairman Agnelli

Prosecutors in the northern Italian city of Turin, where Juventus are based, have been investigating the club’s accounting and statements made to financial markets over the past three years.

(file photo) Juventus President Andrea Agnelli.

(file photo) Juventus President Andrea Agnelli. | Photo Credit: AP

Prosecutors in the northern Italian city of Turin, where Juventus are based, have been investigating the club’s accounting and statements made to financial markets over the past three years.

 Prosecutors in Italy have requested that former Juventus Chairman Andrea Agnelli, 11 other people and the club itself stand trial over allegations of false accounting at the country’s most successful soccer team, a senior source with direct knowledge of the matter said on Thursday.

Prosecutors in the northern Italian city of Turin, where Juventus are based, have been investigating the club’s accounting and statements made to financial markets over the past three years.

Agnelli stepped down as chairman earlier this week. Juventus have denied any wrongdoing and the club said on Wednesday that it would defend its interests with all sporting and legal bodies.

Under Italian law, a request for trial is notified to suspects only once a court hearing has been scheduled. At the end of the actual hearing, a judge must decide whether to send the defendants to trial or acquit them.

Turin prosecutors allege 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.

The club is controlled by the Agnelli family’s Exor holding group and its shares also trade on the Milan Stock Exchange.

Exor said on Thursday it had no comment on Juventus. .

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