UEFA have confirmed they have opened an investigation into Juventus following allegations of financial misconduct which led to the departure of the club’s entire board of directors.
Juventus have been accused of falsifying their financial records regarding player wages and club transfers, with president Andrea Agnelli and vice-president Pavel Nedved among the top executives to resign as a result of the investigation. .
Now, UEFA have confirmed that they have started their own process to determine the reality of the situation.
“The CFCB First Chamber has today opened a formal investigation into Juventus FC for possible violations of club licensing and financial fair play regulations,” a statement read.
“The investigation by the CFCB First Chamber will focus on the alleged financial irregularities that have recently come to light as a result of the operation led by the Italian Companies and Exchange Commission (CONSOB) and the Public Prosecutor in Turin.
“On August 23, 2022, the CFCB First Chamber entered into a settlement agreement with Juventus FC. The settlement agreement is based on financial information previously submitted by the club for the financial years ending 2018, 2019, 2020, 2021. 2022.
“In the event that, after the conclusion of this investigation, the financial situation of the club was significantly different from that assessed by the CFCB First Chamber at the time of the agreement, or if new and substantial facts come to light or As noted, the CFCB First Chamber reserves the right to terminate the Settlement Agreement, take any legal action it deems appropriate, and take disciplinary action in accordance with the applicable UEFA CFCB Rules of Procedure.
“The CFCB First Chamber will cooperate with the national authorities and will not comment further on the matter while the investigation is ongoing.”