Elkann and Agnelli knew Corriere.it

The then boss of the technical area Fabio Paratici had become a magician of capital gains, but the others were not joking either, according to the investigators: By now they have become so expert at doing tricks, CEO Maurizio Arrivabene says on the phone, speaking of the Juve finance area. Illuminating phrases, commented the assistant prosecutor Marco Gianoglio and the prosecutors Mario Bendoni and Ciro Santoriello, who coordinate the investigation into the Juventus accounts. In short, there was not only the Paratici brand behind the abuse of capital gains: It was an overall corporate decision, imposed and shared by the top management, write the magistrates, in the request for measures (rejected by the investigating judge at the end of October, due to of precautionary requirements). Not that Paratici woke up in the morning and said: today I want to make a nice capital gain!, he snapped himself.

Everyone knew – underlines the prosecutor – starting with the Juventus president: The “corrective maneuvers” in question, however, are “illegal maneuvers” and Agnelli is fully aware of this. The club’s accounting situation also reached the ears of John Elkann (not investigated), with whom Agnelli spoke on the phone: The majority shareholder – the prosecutors comment – in the persons of the legal representative Elkann or the managers from time to time interested , appears fully aware of Juventus’ financial problems and, above all, of the corrective maneuvers (in particular, capital gains), designed to “lighten” the balance sheets and in order to allow Juventus to remain “on the market” without losing “precious pieces”. In short, the great players.

According to the investigators, the capital gains were knowingly used to shore up the accounts: The investigations carried out as well as those made by Consob have demonstrated clearly and incontrovertibly that, despite the formal stipulation of two separate contracts (a circumstance imposed by the rules of the sports law), the contested transactions are “exchanges”, barters to all effects. And for this reason – the thesis of the accusation, contested by Juve – they had to be recorded following certain accounting principles.

Subsequently, on the capital gains, the investigating judge expressed doubts relating to the existence of the requested fraud. Of a different opinion, on the salary maneuvers: Certainly illicit and in relation to which the existence of serious indications is shared with the public prosecution. The fact is that – for the accounting checks carried out by the technical consultant of the Public Prosecutor’s Office – the impact of the illicit conduct appears to be alarmingly significant. To the point that – the prosecutors argue – with the adjustments made, in two out of three years (2018/19 and 20/21) Juve would have had a negative equity. Moral (of accusation): Juventus could not have operated in the financial years in question, nor been listed on the Stock Exchange. It seems that Massimiliano Allegri was also annoyed with the capital gains in the summer of 2021: Today’s transfer market is the real one, where one goes to buy the player he needs. Last year’s market was only capital gains (…) and therefore it was a market of the c..