The stock on the stock market had risen by 5.07 percent: a glimmer of light for Juventus in the midst of the pandemic. But it was the cause of the rise the dissemination of a press release behind which the accusation of market manipulation is now taking place, the one that scares the club’s leaders the most, who risk up to 12 years in prison for this crime alone. He writes it Republicregarding the investigation involving Juve with its (former) top management.
In the newspaper of the Vedi Group we read that the positive swing came thanks to the agreement reached on 28 March 2020 with the players who formally gave up four salaries for the Covid emergency. Only this had to be told to the markets, hiding the agreement to pay back three installments. However, the official communiqué had to come out differently than the real agreement reached with the players, communicated on March 27, the captain Giorgio Chiellini in the team chat, in which he warned his teammates of the “final proposal” to “help the club and all the employees”: “You will receive a sheet in the next few days that is worth everything and nothing where we are committed to leaving the remaining months of this season », explaining however that «agents and lawyers» would then be contacted to sign waivers and promises of payment for the following year «at the same time». And he added: «Juventus will make a press release where they will say that we are giving up 4 months’ salaries to help the club» forbidding us to talk about it to the press.
Summoned to the prosecutor’s office one after the other, the players had admitted the deception. “Many people thought that we had given up 4 months and no one knew that we would have taken three months paid for later,” Dybala said. “Everyone was aware of everything” confirmed Chiellini, while Bernardeschi had also told of “having made a video conference on Zoom and having talked about it among us players”. […]
The press release was released on March 28 and also indicated «economic and financial effects positive deriving from the agreement reached for about 90 million euros ». That communication, on March 30, made it possible “to record a 5.07 per cent increase at the opening of the Stock Exchange, maintained in the following days” the investigators note.
The exact moment of the diffusion of that information is also finished under the lens: it was 7.22 pm when the Juventus employee uploaded the press release to the platform. At that point the “1INFO” computer system of the Computershare company which Juventus relies on released it. It took 29 seconds “from actual reception to actual broadcast”. And in that half minute a very tough battle is played out between the prosecution and the defense, the one for territorial jurisdiction. […]
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