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False Accounting

All articles tagged with #false accounting

sports2 years ago

"Juventus Faces European Football Ban for Upcoming Season"

Italian football club Juventus has been banned from participating in European competition next season by UEFA after being found guilty of breaking Financial Fair Play rules. The club has been accused of false accounting, which allegedly increased its capital by 700 million euros. Juventus will also have to pay a 10 million euro fine, which could double if the club fails to meet FFP requirements in the next three years. The club's management denies any wrongdoing but has decided not to appeal the decision to avoid further penalties.

via Euronews|
#european-football#false-accounting#financial-fair-play
sports2 years ago

Juventus suffers 10-point deduction, impacting Champions League hopes and benefiting Arsenal.

Juventus has been hit with a 10-point penalty by an Italian court for false accounting in the club's transfer dealings, dropping them from second to seventh place in Serie A and hampering their chances of qualifying for next year's Champions League. The Bianconeri are now five points behind AC Milan, who moved into fourth place and the final qualifying spot for the Champions League. Juventus has the right to file a new appeal against the decision.

via ESPN|
#champions-league#false-accounting#italian-football
sports2 years ago

Juventus Avoids 15-Point Penalty, Paratici Appeal Denied.

Juventus have had their 15-point penalty suspended pending a new trial, but the 30-month ban for Tottenham’s managing director of football, Fabio Paratici, has been upheld by the Italian sporting authorities. The lifting of the points penalty moves them up to third in Serie A and back in the mix for a spot in next season’s Champions League. The club were initially hit with the huge points penalty in January for false accounting, while several former members of the Juventus board were also handed bans from football activities.

via The Guardian|
#appeals#fabio-paratici#false-accounting