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Capital gains case involving Napoli, Genoa and Juve closed

A capital gains case launched by the Federal Prosecutor of the FIGC has been closed with clubs given two weeks to prepare their defence.  The investigation included Serie A clubs Genoa, Napoli, Empoli, Juventus and Sampdoria as well as Parma, Pisa. Pescara, Pro Vercelli, Novarra and Chievo.

Juventus released a press statement yesterday via their official website, confirming the notice ‘does not constitute the exercise of the disciplinary action by the Federal Prosecutor’s Office.’

Juventus Football Club S.p.A. (“Juventus” or the “Company”) informs that tonight it has received, together with 10 other Italian football companies and respective senior managers, a “Comunicazione di conclusione delle indagini” (Communication of termination of investigations) from the Federal Prosecutor’s Office before the F.I.G.C. (Federazione Italiana Giuoco Calcio) with regard to the valuation of the effects of certain transfers of players’ rights on the financial statements and the accounting of gains, following the “segnalazione” (report) by Co.Vi.So.C., for the postulated breach of article 31, paragraph 1, and articles 6 and 4 of the “Codice di Giustizia Sportiva” (Sport Justice Code).

The communication notified, concerning certain transfers completed in the financial years 2018/19, 2019/20 and 2020/21, does not constitute the exercise of the disciplinary action by the Federal Prosecutor’s Office. The Company will now have access to the records and articulate its defenses in accordance with the terms set forth in the code and trusts it will be in a position to demonstrate the correctness of its conduct.”

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