44 C
Delhi

Juventus under UEFA investigation for potential FFP breach

After the resignation of the entire Juventus board, UEFA have confirmed that they are being investigated for a breach in Financial Fair Play regulations. 

Allegations of false accounting, coming from the Turin prosecutor’s office, have built up even more pressure on the club. 

Juventus under investigation for FFP breach 

“In the event that, after conclusion of this investigation, the club’s financial situation was significantly different from that assessed by the CFCB First Chamber at the time the settlement agreement was concluded, or if new and substantial facts arise or become known, the CFCB First Chamber reserves the right to terminate the settlement agreement, take any legal step it may deem appropriate, and impose disciplinary measures,” UEFA said.

“The investigation will focus on the alleged financial violations that were recently made public as a result of the proceedings led by the Italian Companies and Exchange Commission (CONSOB) and the public prosecutor in Turin,” UEFA continued.

- Advertisement -TechnoSports-Ad

Juventus have announced that they will cooperate fully with the authorities, who will announce a hearing date next week. They will decide whether or not to indict or proceed with the trial. 

The investigation has been dealing with matters surrounding illegal commissions from player transfer fees. Under the table payments in the form of salaries, and misinformation to investors are also among the misdeeds that are being looked into. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Arsh Das
Arsh Das
A music enthusiast, also passionate about football and bringing you the latest in the sporting world every day.
TechnoSports-Ad

Popular

TechnoSports-Ad

Related Stories

More from author

Erling Haaland wins Premier League 23/24 Golden Boot Award

Erling Haaland has won the Premier League Golden Boot for the second season in a row, scoring 27 goals in 31 appearances this season,...

The only way Manchester United can play Europa League after finishing 8th in the Premier League

In spite of their 2-0 win against Brighton in the final game of the season, Manchester United finished 8th in the Premier League table...

Premier League 23/24 final day fallout: City win title, Chelsea finish 6th, Man Utd out of European spots and Klopp farewell

Manchester City have won the Premier League title for an unprecedented fourth consecutive time, defeating West Ham United 3-1 in their final game of...

Adrian Luna renews contract with Kerala Blasters until 2027

Adrian Luna has extended his contract with Kerala Blasters for three more years, committing to the club until 2027. Since joining them, he has...