Juventus Turin, sportingly struggling and in the crosshairs of justice, ends the era Andrea Agnelliits resigning president, by approving financial results in bright red on Tuesday, a few weeks before appointing its new management team.
The “Old lady“will validate accounts in deficit for the fifth consecutive year, and for the second in a row beyond the 200 million euros of losses: 239.3 million euros for the 2021/2022 financial year after 226.8 million euros the previous season.
This gloomy general meeting of shareholders, already postponed twice, is being held while Juve are officially without management: Andrea Agnelli resigned on November 28, along with his entire Board of Directorsunder pressure from an investigation for alleged accounting irregularities.
Three days later, on December 1, the man who had led the club since 2010 was the subject of a request for a trial, along with eleven other ex-leaders, for these alleged breaches of the club’s finances, listed on the stock exchange. .
Juve is suspected of having manipulated the market by disseminating biased financial information but also of having produced invoices for non-existent transactions, over the period 2018-2021. The year 2023, which will mark the 100th anniversary of the takeover by the Agnelli family, will therefore be far from being as festive as hoped for a club plunged back into torment.
In addition to the judicial investigation into its accounts, the club is also in the sights of the Italian stock market policeman, the Italian Federation and UEFA. Juve, the most successful club in Italian football (36 league titles or scudetti), already in open conflict with the European body on the Super League for more than eighteen months, is engaged in a recovery plan aimed at comply with UEFA’s financial rules.
