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Juventus’ Sale of Ronaldo Is Under Investigation for False Accounting

Juventus’ Sale of Ronaldo Is Under Investigation for False Accounting

Juventus may have fumbled the club’s sale of Cristiano Ronaldo to Manchester United in the summer transfer window of 2021. As we already mentioned in the football news last month, Juventus’ sale of Ronaldo is under investigation for false accounting.

Ronaldo’s football transfer thus forms part of an ongoing investigation at Juventus into alleged false accounting in Turin.

So, the Bianconeri are finding themselves thrust back under the microscope some 15 years on from the Calciopoli scandal.

Juventus’ Sale of Ronaldo Is Under Investigation for False Accounting

Italian authorities have served the Serie A heavyweights with a search and seizure order. At the same time, they are picking through business dealings at the Allianz Stadium.

Some high-profile figures form part of the case, including chairman Andrea Agnelli and vice-chair Pavel Nedved.

A statement released by Juve reads: “The club announce they have received the notification of a new search and seizure order relating to the ongoing investigations by the Public Prosecutor at the Court of Turin against the club and some of its current (Andrea Agnelli, Pavel Nedved, Stefano Cerrato and Cesare Gabasio) and previous representatives.”

Beyond this, the announcement that an investigation would commence, there are no fresh allegations.

However, Juve have confirmed that the process now includes “permanent sales on the balance sheet as of 30, June 2021, relating to the economic values of the sale of the player Dos Santos Aveiro Cristiano Ronaldo.”

The Turin club went on to say: “As already disclosed, the Company is cooperating with the investigators and with Consob and trusts to clarify any aspect of interest to it as it believes to have acted in compliance with the laws and regulations governing the preparation of financial reports, in accordance with accounting principles and in line with the international practice in the football industry and market conditions.”

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