• Loading stock data...
Sunday, May 19, 2024

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.

Copy Link
Link Copied
Link Copied

What to Read

Chaos at the PGA Championship: Here’s What We Know

The No. 1 golfer in the world nearly didn’t make it to Valhalla Golf Club.

Mets Owner Faces Backlash After Tweet Sparks Trade Speculation

Mets owner Steve Cohen is walking back a now deleted tweet that further riled an impatient fan base.

NFL’s Christmas Shake-Up: Netflix and Amazon Will Take It Over in ’25

This is the new-age NFL, where anything goes, if the price is right.

Is There a Sneakerhead Culture for Soccer Jerseys? PE Firm Thinks So

The Chernin Group invests $38.5 million in a U.K.-based seller of vintage jerseys.
podcast thumbnail mobile
Front Office Sports Today

MLB, NBA, NHL Broadcasting Future Goes to Court


Featured Today

Michael Block signs autographs on the 18th hole during day three of practice for the PGA Championship at Valhalla Golf Club on Wednesday, May 15, 2024.

‘I Prefer It This Way’: How Life Works for PGA Club Pros

Here’s how life works for the qualifiers at golf’s second major.
February 5, 2019; Washington, DC, USA; The grounds of the Capitol Building empty out following the conclusion of President Donald Trump's State of the Union speech on February 5, 2019.
May 18, 2024

‘A Breathtaking Lobbying Campaign’: The NCAA’s Sophisticated Effort to Save Amateurism

Inside the carefully coordinated, multimillion-dollar operation to end the athletes’ rights era.
May 14, 2024

The WNBA Was Forged in Houston. Why Won’t It Go Back There?

Houston’s a perfect fit for expansion. The league isn’t considering it yet.
May 9, 2024; Indianapolis, IN, USA; Indiana Fever guard Caitlin Clark (22) stands with the team during the national anthem on Thursday, May 9, 2024, during the preseason game against the Atlanta Dream at Gainbridge Fieldhouse in Indianapolis.
May 12, 2024

‘Perfect Storm’: The Rise of Local WNBA Broadcast Pacts

With national attention reaching new heights, regional coverage could dictate the future.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Multiple - USA Careers
Multiple - USA Careers

World’s Best Golfer Arrested Attempting to Enter PGA Championship

Scottie Scheffler was arrested and released by Louisville police Friday morning.
May 14, 2024

NFL Wins Appeal in Jon Gruden Civil Suit, Case Headed to League Arbitration

The case is now headed to the league’s own arbitration system.
May 16, 2024

Lawsuit: Blackhawks Lured Indigenous Consultant With False Promise of Changing Logo

The consultant claims the team failed to keep promises, including changing its logo.

Major League Rugby’s Vision for American Rugby

How Major League Rugby is leading the Rugby renaissance in the U.S.
May 8, 2024

Former Ohtani Interpreter Pleading Guilty to Bank Fraud, False Tax Return

Ippei Mizuhara faces up to 33 years in federal prison for his crimes.
May 7, 2024

Another Court Sides With Zion Williamson’s Years-Old Firing of Unregistered Agent

There isn’t a rigorous or nationwide standard to rep a college athlete.
April 26, 2024

Iowa Athletes Sue State, Citing ‘Unconstitutional’ Tracking of Gambling

They claim investigators didn’t get warrants, misled about the purpose of questioning.
April 26, 2024

‘Jaw-Dropping’ Noncompete Ban Could Shake Up Pro Coaching, Experts Say

Many pro coaches are banned from interviewing for other jobs without team approval.