Regulator Opens Investigation Into Juventus Football Club

(Bloomberg) -- European football’s top regulatory body, UEFA, said it has opened a formal investigation into Juventus FC for potential breaches of its club licensing and financial fair play rules.
In a statement Thursday, it said its investigation will focus on the alleged violations made public recently as a result of proceedings led by Italian regulators and the public prosecutor in Turin. Earlier this week, Juventus Football Club Spa Chairman Andrea Agnelli and the team’s entire board of directors resigned amid a probe into alleged wrongdoing related to the company’s financial filings.
UEFA said in its statement that it concluded a settlement agreement with the Italian club in August. But if it now finds that the club’s financial situation was significantly different from that presented at the time, it “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.”
A spokesperson for Juventus declined to comment.
Juventus is one of the leaders of a European superleague, which is a direct threat to UEFA. Its first incarnation, which was toppled within 48 hours after criticism from fans and politicians, envisaged a rival competition to UEFA’s Champions League.
–With assistance from Daniele Lepido.
1 Dec 2022 2PM English South Africa News · News Commentary

Other recent episodes

Jury finds former Hollywood producer Harvey Weinstein guilty of rape

LOS ANGELES, Dec 19 (Reuters) - Former movie producer Harvey Weinstein was found guilty of rape and two other sexual assault counts by a Los Angeles jury on Monday, marking the second conviction of the onetime Hollywood kingmaker who became the face of #MeToo sexual abuse allegations five years ago…
19 Dec 2022 9PM 5 min

Trump Should Be Prosecuted for Role in Jan. 6 Capitol Attack, US House Panel Says

(Bloomberg) -- A House committee recommended Donald Trump be prosecuted for his role in the Jan. 6 assault on the US Capitol, the first-ever such referral of a former US president in the culmination of a 17-month investigation. The committee voted unanimously Monday to refer Trump for prosecution for multiple…
19 Dec 2022 2PM 4 min

Musk poll shows 57.5% want him to step down as Twitter chief

Dec 19 (Reuters) - A poll by Elon Musk on whether he should quit as Twitter CEO showed the majority of users of the social media platform who took part voted in favor of the move, after the poll ended on Monday. About 57.5% votes were for “Yes”, while 42.5%…
19 Dec 2022 6AM 1 min

Twitter prohibits users from promoting accounts on Facebook, Mastodon

Dec 18 (Reuters) - Twitter on Sunday said that it will remove accounts created solely for the purpose of promoting other social platforms and content that contains links or usernames. The move would impact content from social media platforms like Meta Platforms’ META.O Facebook and Instagram, along with Mastodon, Truth…
18 Dec 2022 2PM 1 min