Juventus' alleged financial violations to be formally investigated by UEFA

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The Italian giants are under police investigation regarding "salary manoeuvres" of the financial years between 2019 and 2021. On Monday, president Andrea Agnelli and the entire board of directors, including vice-president Pavel Nedved, resigned following an extraordinary meeting. Following the announcement, Spain's La Liga called for "immediate sports sanctions" to be placed on the Serie A club. On Thursday evening, governing body UEFA announced its Club Financial Control Body would cooperate with national authorities over the allegations. A statement from UEFA read: "The CFCB First Chamber has today opened a formal investigation into Juventus FC for potential breaches of the Club Licensing and Financial Fair Play regulations. "The CFCB First Chamber investigation will focus on the alleged financial violations that were recently made public as a result of the proceedings led by the Italian Companies and Exchange Commission (CONSOB) and the public prosecutor in Turin. "The CFCB First Chamber will cooperate with national authorities and will make no further comment on the matter while the investigation is ongoing." UEFA had already concluded a settlement agreement with Juventus during August, which was based on the financial information previously submitted by the Italian club pertaining to the previous five financial years. As part of the new investigation, UEFA said if Juventus' financial situation was found to be "significantly different" from when the settlement was concluded or if "new and substantial facts" are uncovered, then that agreement could be terminated. UEFA added it reserves the right to also "take any legal step it may deem appropriate and impose disciplinary measures in accordance with the applicable UEFA CFCB Procedural Rules".

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