Juventus, Claudio Chiellini was the “accountant” of the capital gains – Corriere.it

On the one hand Giorgio, historic captain, mentioned in the documents of the investigation into Juventus’ accounts by the Turin prosecutor’s office for the team chat in which he explains the “salary maneuvers” to his teammates during the Covid period; on the other Claudio, on loan players manager (head of the loans area) of the black and white club, defined by the prosecutor as “capital gains accountant”. Giorgio and Claudio are the Chiellini brothers (both not investigated), with the role of manager who, according to the investigators, went beyond his official office and was decisive in the mechanisms of that system of buying and selling players (especially the younger ones) that the The prosecutor’s office disputes the Juventus club.

The records show that how the manager “periodically (even weekly near the end of the financial year) reminded the managers, in particular of the sports area (Paratici and Cherubini) of the loss forecasts and the consequent capital gains to be achieved (” to do” as will be seen) by the end of the balance sheet of each year to fill the negative starting value». Consob, for example, summarizes a series of meetings presided over by Chiellini as follows: Paratici provided his collaborators with the value of the capital gains to be achieved to achieve the goal of relevance to the Sports Area and the hypothetical one to achieve a balanced budget”. The brother of the former Juve captain summarizes a meeting of 27 February 2020 as follows: «Remaining capital gains 70 M (millions, ed) to reach the goal of the Sports Area». And, to reach the hypothetical balance sheet: «Remaining capital gains 120 M to reach 0». And he defines a “recovery plan” which included operations of “selling young players”, “swapping young players”, “swapping young players with 1st team players”.

Cherubini explained Chiellini’s role to Consob: «He drew up these analyzes on the basis of assessments/decisions that had been discussed during our meetings. At these meetings everyone participated in the specifics of their own attributions and he had this sort of delegation from Paratici ». And Chiellini himself added that “the purpose of this type of operation was mainly technical, from which obviously economic results derived, both incoming and outgoing, therefore improving or worsening the situation”. Even if the National Commission for Companies and the Stock Exchange believes that his role was more central: «The e-mail message sent by Mr. Chiellini, concerning the corrective maneuvers, has a particular significance – it is still read in the investigation papers -. In fact, the document, which constitutes a summary of the meeting of the Sports Area, provides a moment of connection between the economic situation of the company at that date, the corporate objectives outlined in the forecast as at 30 June 2020 and the corrective actions hypothesized at that date. Sports area. Some of these ‘possible types of operations’, including capital gains from player exchanges, were then implemented».

According to the investigators, Chiellini also had the task of identifying the clubs with which to set up negotiations to obtain advantageous capital gains, so much so that in an email sent on May 27, 2020, he lists a series of companies (Italian and foreign) with which to interface, advising against them even some due to “less concrete opportunities”. Some of the operations suggested by the manager then go through and this is what the prosecutor insists on.