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Juventus Fined for Deferred Player Wages and Illegal Financial Activity

The club is accused of officially announcing the non-payment of wages for several months, but in reality it agreed with its players, through special agreements, to pay a large part of it during a subsequent financial year.

On Tuesday, the Italian sports judiciary imposed a fine against Juventus in the case of paying deferred wages to its players and illegal financial activity, while the ancient club admitted its guilt in order to avoid a harsher punishment and deduct additional points from its balance.

The National Federal Court imposed a fine of 718,240 euros against the “Old Lady” club, and fines on seven former officials of the club ranging between 10 thousand and 47 thousand euros, following an agreement between the parties to the case and the Public Prosecution, which stipulated that the ten points deducted from its balance be kept in the league standings. Italian football.

On April 20, the Sports Court decided to suspend the penalty of 15-point deduction for Juventus on the grounds of illegal financial activity, indicating the need to reconsider the case.

Then, on May 22, the Italian Federation decided to deduct 10 points from its balance, which contributed to its decline and its eventual solution to seventh place, far from the qualifying places for the Champions League or European League (Europa League).

Former club president Andrea Agnelli demanded an additional deadline to reach an agreement with the Public Prosecution Office, according to the same source.

According to the newspaper “La Stampa”, which is owned like Juventus by the Agnelli family, the club agreed to this solution and pledged not to file an appeal in order to avoid an additional penalty and deduction of points.

The club and its most prominent officials, such as Agnelli, Czech Vice President Pavel Nedved and sports director Fabio Paratici, were sent to the Federal Court due to deferred payments of the salaries of some players, without referring this matter to the authorities, according to the Italian Football Association.

These “maneuvers” on wages, aimed at artificially reducing losses in the club’s annual budgets during the Covid-19 pandemic, were noticed by the Turin Public Prosecutor’s Office during a judicial investigation targeting Juventus.

The club is accused of officially announcing the non-payment of wages for several months, but in reality it agreed with its players, through special agreements, to pay a large part of it during a subsequent financial year.

Club officials are accused of presenting to the League non-payment agreements for four monthly installments (March to June 2020) for 21 players and the coach, but not the special agreements to settle three out of four at a later time.

Similar maneuvers were carried out in the following season 2020-2021.

2023-05-30 16:49:40

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