UEFA has opened an investigation against Italian soccer giant Juventus following allegations of incorrect accounting.
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The investigation is investigating whether the club has breached licensing and financial fair play rules, the European Football Association said in a statement.
The case concerns player contracts, transfers and agent deals between 2018 and 2020.
The prosecution also alleges that Juventus players did not cut their salaries for four months as agreed during the COVID-19 pandemic.
On Thursday, the Turin Public Prosecutor’s Office filed charges against former Juventus President Andrea Agnelli, 10 other former board members and the club itself.
Former vice president and Czech soccer legend Pavel Nedved, who left the club on Monday when Agnelli and the entire board resigned due to accounting issues, could also be sued.
UEFA said the investigation would focus on “the alleged financial breaches recently published by prosecutors and the Italian Market Authority (CONSOB).”
Juventus has denied wrongdoing and stated that its accounting was made “on the basis of sound statements from leading legal and accounting experts.”
“Juventus remains convinced that it has always acted correctly and intends to assert its reasons and defend its corporate, economic and sporting interests in all forums,” it said in a statement.
The Italian authorities will announce next week whether the case will go to court.
Last season, Juventus recorded a record loss of €254.3 million under Agnelli.