Serie A: UEFA investigates Juventus over alleged financial violations

The First Chamber of the UEFA Financial Control Body (CFBF) has opened a formal investigation into Serie A side Juventus over possible breaches of Club Licensing and Financial Fair Play rules.

Their investigation will focus on alleged financial misconduct that was recently made public as a result of proceedings led by the Italian Companies and Stock Exchange Commission (CONSOB) and the public prosecutor in Turin.

The First Chamber of the CFCB concluded a settlement agreement with Juventus last August on the basis of the financial information previously submitted by the club for the period between 2018 and 2022.

“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,” reads the UEFA website, “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 in accordance with the applicable UEFA CFCB Procedural Rules.

“The CFCB First Chamber will cooperate with national authorities and will make no further comment on the matter while the investigation is ongoing.”

Del Piero reaction

Juventus legend Alessandro Del Piero took to social media to comment on the situation at the club.

Juventus are part of my life and, because of my history, I will always be connected to these colours,” Del Piero said on Twitter.

“Like any other fan, I am following this situation with attention and also for my work and my public role, I am inevitably asked comments in cases like this. So, equally inevitably, many things have been said and written.

“But this is a delicate moment for the club and now the only thing that matters and that those who love Juventus must do is to put in the best conditions the people entrusted with guiding the club in this complex phase.

“It’s a task of great responsibility that deserves all our support. It’s time to be even more Juventini now. For this reason, I think it is right not to comment on news and rumours which may turn into speculation. I will do so today and in the following days.

“I just want to wish good work to all those who are dealing with Juventus today; they will do so with the professionalism, dedication and passion that the club, the fans and our jersey deserve.”

Exclusive: The European Super League appoints new CEO, Florentino Perez’s dream is still alive

The European Super League continues to wait for the European Courts to pronounce themselves in 2023 in regards to whether or not there is a monopoly on football by UEFA. A22 Sports Management is the company in charge of sponsoring and helping the creation of the European Super League. In its advisory capacity, the group focuses on the general structure and the financial aspects of the hypothetical new competition.

As of Wednesday, the company will announce the hiring of 48 year-old Bernd Reichart as the CEO for the European Super League. He is an executive who recently held the position of General Director of the RTL Deutschland Group, according to the statement that MARCA has been able to access.

“The initial goal will be to initiate dialogue with a diverse group of interested parties in football, including clubs, players, trainers, fans, media and political officials. The objective is to facilitate the development of a sustainable sports model for European club competitions that reflect mutual interests and the wide range of fans and the general football community”, the statement reads.

Ceferin: Super League proponents must live in parallel worldAP

Bara and Juve face trouble in the current Champions League

Along with Real Madrid and their President Florentino Perez, one of the aspirations of these three clubs is to make a more competitive tournament and avoid games against clubs of a lesser competitive level. Despite Bara and Juventus admitting that they are practically out of the round of 16 of the current Champions League.

“The current situation of European football is characterized by a series of challenges that will not be solved by themselves. The presidents of Real Madrid,FC Barcelona, and the President of Juventus have recently presented their points of view on the problems they are facing with the current Champions League model. I believe that they are raising the correct questions and personally I am willing to listen to different voices so that the European football community can find the appropriate answers together. The game that we all love will benefit from honest and open dialogue, free of restrictions, about a brighter future through a serious reform”, says Reichart in the statement.