• Loading stock data...
Saturday, July 19, 2025
Law

Former Juventus Executives Could Be Facing Indictments

  • Italian prosecutors are seeking several charges, including market manipulation.
  • They are targeting former president Andrea Agnelli and 12 other managers.
Former Juventus chairman Andrea Agnelli talking to media in front of team logo
Juventus FC

An iconic Italian soccer club continues to be shrouded in controversy. 

Prosecutors in Italy are seeking indictments for a group of former Juventus executives following a swift change in leadership due to alleged financial misconduct and losses. 

Earlier this week, the entire board of the Serie A club resigned amid an investigation for allegedly taking commissions from player transfers and loans, as well as false accounting practices related to those transactions.

Juventus' captain Leonardo Bonucci leads team out of tunnel ahead of game

Entire Juventus Board Resigns Amidst Financial Investigation

Juve are under investigation for financial improprieties between 2019 and 2021.
November 28, 2022
  • Italian prosecutors are seeking several charges, including market manipulation.
  • They are targeting former president Andrea Agnelli and 12 other managers.
  • Prosecutors believe Juventus has hidden $209 million in losses over three years.
  • The club has said that the accusations have no merit. 

Juve has taken steps to combat any further speculation of misconduct. Earlier this week, the club said it plans to restate its 2022 finances after a review of how its players are accounted for. It has also amended its balance sheet, which requires final shareholder approval. 

Juventus reported a $246.1 million loss for the 2021-22 season — the largest financial deficit in Serie A history. The unfavorable results were attributed to the pandemic and reduced media revenue due to an early exit from the UEFA Champions League after a loss to La Liga’s Villarreal. 

International Concern

Spain’s top soccer league, La Liga, plans to ask UEFA and Serie A for sanctions on Juventus following the shakeup of its board.

Penalties could include point deductions or financial constraints, per Bloomberg.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Golf’s Prize Money Boom Is Slowing Down

There is no purse increase at The Open Championship.

WNBA Stars Say Zero Progress Made at CBA Meeting

The WNBA and its union had their first in-person meeting Thursday.

New NFLPA Head Will Face Multibillion-Dollar Decisions

The next NFLPA leader will wrestle with a series of pressing issues.

Michael Jordan’s NASCAR Team Loses Another Legal Battle

23XI Racing has lost its Cup Series charter status for the time being.

Featured Today

Ryan Field Construction
exclusive

First Look Inside Northwestern’s $862 Million New Ryan Field

Five big things FOS learned on our exclusive stadium tour.
Jul 21, 2024; Ayrshire, SCT; Xander Schauffele celebrates with Claret Jug after winning the Open Championship golf tournament at Royal Troon.
July 17, 2025

The Boozy History and Traditions of The Open’s Claret Jug

The Open awards the world’s most famous wine decanter.
2025 PDC World Darts Championship Final - Luke Littler vs Michael Van Gerwen
July 16, 2025

A Teen Darts Prodigy Is Becoming Bigger Than the Game Itself

Luke ‘The Nuke’ Littler is cashing in on his devastatingly accurate shot.
May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive
July 13, 2025

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.
Princeton

Transgender Sprinter Sues Princeton Over Last-Minute Ban

The sprinter was removed 15 minutes before her race.
Caster Semenya
July 10, 2025

Caster Semenya’s Legal Win Could Reopen Fight Against Testosterone Limits

The Olympian champion’s appeal against gender eligibility rules continues.
July 16, 2025

Judge Rules for NFL, Fanatics Against Small Apparel Seller

The lawsuit argued the NFL “aids and abets” Fanatics with its strategy.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
A set of trading cards
July 9, 2025

Judge Rules Against Fanatics as Panini Case Gets Rancorous

A judge ordered Fanatics to turn over unredacted trading card licenses.
May 9, 2024; Columbus, OH, USA; Sports are shown on TVs behind the bar as guests enjoy the grand opening of DraftKings Sports & Social in the Short North. Though there are no on-site betting windows, eligible customers can place bets through the DraftKings app.
July 3, 2025

PrizePicks Drops Suit Against Ex-Employee Who Left for DraftKings

The ex-employee still disputes the allegations.
Wander Franco
June 26, 2025

Wander Franco Convicted of Child Sex Abuse, Receives 2-Year Suspended Sentence

Franco can avoid jail time but is unlikely to return to MLB.
Wimbledon
June 25, 2025

Players Suing Tennis Begin Negotiations With Grand Slams

They may add the Slams as defendants if talks fail in 90 days.