Following the resignation of the Juventus board of directors late Monday Nov. 28, LaLiga demands immediate sports sanctions to be applied on the club.
LaLiga filed an official complaint against Juventus with UEFA in April 2022 reporting financial fair play breaches being investigated by Italy´s Guardia di Finanza, an enforcement agency under the authority of the country´s Minister of Economy and Finance, and the Public Prosecutor’s Office at the Court of Turin.
Specifically, the complaint charges that Juventus accounted for transfers above fair value and under-accounted for employee expenses, resulting in a breach of UEFA break-even requirements. Additionally, the complaint charges that Juventus concealed the true wage bill of its players.
This Monday, in the same statement announcing the resignation of its Board of Directors, Juventus acknowledges financial accounting irregularities, which are also aimed at misleading UEFA financial fair play authorities, among others.
As part of its campaign to promote financially sustainable football in Europe, LaLiga continues to pursue these complaints against Juventus and demands immediate sporting sanctions to be applied on the club by the relevant authorities.
LaLiga has long been a major proponent for the implementation, application, and enforcement of strong financial sustainability rules in football. In April of this year, LaLiga laid out complaints on financial fair play breaches filed with UEFA against Juventus, but also Manchester City and Paris Saint Germain.
The Spanish competition itself has applied its “economic control” rules for nearly a decade, at the request of the clubs that make up the league. Financial sustainability is paramount to protecting the business of football.