TURIN. Not only Juventus. The system of crossed capital gains risks throwing Italian football into a tailspin. “It is a phenomenon that can throw the clubs that adopt it into crisis because it generates revenues …
TURIN. Not only Juventus. The system of crossed capital gains risks throwing Italian football into a tailspin. “It is a phenomenon that can throw the clubs that adopt it into crisis because it generates fictitious revenues without liquidity.” Speaking to Ansa is a source from Covisoc, the control body on football clubs which since autumn 2020 has identified “dozens of operations” and which last October forwarded everything to the FIGC prosecutor’s office.
In the report, the Juventus club is the one that appears several times, but it is not the only one: there are Naples, breaking latest news, Parma, Sampdoria, Empoli, the now bankrupt Chievo and many others. The scheme, it seems, makes it possible to mask the financial tribulations of the clubs. But in the long run it could have disastrous effects on the financial strength of the teams. Not to mention the troubles with criminal justice if nothing else – this is the opinion of the Guardia di Finanza and the Turin prosecutor’s office – for Juventus, given that it is listed on the stock exchange and is therefore subject to different legislation.
The president of Exor, John Elkann, yesterday spurred the bianconeri. «In facing the difficulties we are strengthened. For every company there are difficult moments: it is important to face them. There are a new board of directors, a new managing director, a new sporting director and a new coach who, with the vice president and the president, are tackling the problems on and off the pitch ».
As for the investigations by the prosecutor and the financial police, Elkann stresses that the club “is collaborating with the investigators and is confident that light will be shed on all aspects”.
After the searches on Friday evening and the ‘excellent’ entries in the register of suspects, including that of the president Andrea Agnelli, of the deputy Pavel Nedved and of the former general manager Fabio Paratici, considered the architect of the capital gain system, the prosecutor continued to summon witnesses. So far, the testimonies have not been found to be fully satisfactory. The investigation file, however, is full of wiretaps with a content that seems unequivocal. That is why it is thought that the investigations are already on the verge of closing. At stake are the 282 million capital gains considered fictitious.