Board & Management (109 Viewers)

[juve123]

Not disclosing meaning? The jist disclosure in March 2020 was 3 months salary freeze if season is discontinued (April, may, June). If matches were played (which they were in June, July) the players would be recompensated after renegotiating.
The press is leaving out the second part to make it look like 3 months was forfeited regardless of if 19/20 was completed later or not.

Also hidden payments to the players especially to Ronaldo that is why they were after some hidden document mentioned by Cherubini in one of his alleged telephone conversations.
Juventus lawyer Gabasio said: “Ronaldo’s secret deal shouldn’t have been revealed because if it is, they’ll jump down our throats, all over the auditors and everything. And then we need to make a fake transaction.”

 

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[Salvo]

Not disclosing meaning? The jist disclosure in March 2020 was 3 months salary freeze if season is discontinued (April, may, June). If matches were played (which they were in June, July) the players would be recompensated after renegotiating.
The press is leaving out the second part to make it look like 3 months was forfeited regardless of if 19/20 was completed later or not.

Not disclosed correctly on the financial statements the club made

From the sounds of things players got those delayed payments the following year.

 

[Hust]

I wonder if the players can get penalized for taking part in this?

 

[Juvellino]

La Repubblica Torino reports part of the interrogation of Juventus players by the Turin prosecutor, with ex-striker Paulo Dybala allegedly confirming an agreement with the club.

The Turin Prosecutor suspects that Juventus players didn’t give up to four months’ wages, as claimed by the Bianconeri in March 2020, but received payments for three months after the peak of the COVID pandemic without registering the transitions in the balance sheet or informing the market.

The Turin Prosecutor heard all Juventus players in March 2022 and Repubblica Torino reports part of the interrogations to some players, including Dybala and Federico Bernardeschi, who left in the summer and Danilo who is still at the Allianz Stadium.

According to the report, multiple players, including Gigi Buffon, Dybala, Danilo, Bernardeschi, Adrien Rabiot and Alex Sandro, confirmed to the prosecutor that the agreement was to give up to just one month’s salary and not four. However, Juventus had specified in an official statement in March 2020 that players could have received payments if the season had resumed.

“We didn’t take long to reach an agreement,” said Danilo, according to the report.

“It was during the lockdown and I had remained in Italy.”

On the other hand, Dybala was abroad in March 2020 when the COVID pandemic began.

“It was a confusing period, I remember when we took the decision, all together,” said the Argentinean striker.
Investigators said that most players made ‘generic statements’ when asked how many agreements they had signed with the club.

“I don’t remember exactly,” continued Dybala.

“But I remember clearly that when we had signed the agreement [about the salary cut], we had already reached an agreement with the club. In one, we renounced [to salaries], in the other we received payments for three months. Basically, we were earning double in some months of the following season.

“Everyone thought we wouldn’t get paid for four months; nobody knew we would still have received money for three months,” he continued.

“I didn’t want to agree, I wanted to receive all the money, but then my group of work advised me to sign because we were on good terms with the club and it could have given a better perspective for a contract extension,” Dybala added when asked about a second agreement which would see Juventus player’s salary reduced in the second part of 2021.
“I am not very good with dates, but I think I signed only once,” added Juan Cuadrado.

“I remember I signed three copies of the same document at Continassa, which mirrored the agreement. We gave up to one month’s wage, getting three months back the following season,” said Danilo.

Dybala left Juventus at the end of his contract in June 2022 and when he spoke to investigators this past March, the club had already decided against extending his deal.

This information has been leaked out by police because there is no jury system in Italy, it’s just judges. In the UK or US, this kind of evidence in the mainstream would be considered damaging to any trial.

 

[jukazem]

Also hidden payments to the players especially to Ronaldo that is why they were after some hidden document mentioned by Cherubini in one of his alleged telephone conversations.

Why do they have to be hidden? Most Juve management and players are out of their depth when comes to finances, making it sound wrong even if it’s not. Also Juve should have had a real finance guy long before to call out the pluavalenza model; got a cfa around 2020 or 2021 so they understand a bit now.

 

[Salvo]

I wonder if the players can get penalized for taking part in this?

There is nothing illegal about delaying payments especially due to covid. The illegality would be not properly noting this on financial statements in a publicly traded company

 

[juve123]

Why do they have to be hidden? Most Juve management and players are out of their depth when comes to finances, making it sound wrong even if it’s not. Also Juve should have had a real finance guy long before to call out the pluavalenza model; got a cfa around 2020 or 2021 so they understand a bit now.

I am sure that they are not finance experts but they are not talking in the air if they are mentioning the need of a fake transaction to cover up Ronaldo secret payment.

 

[Stevie]

Have you guys even seen the disclosure that Juve made in March 2020 about salaries? There is nothing out of order. It is ridiculous how Juve fans are falling for this media bullshit.

2006 was bullshit too and we never should of been relegated but we were. It's trial by media and I don't think this will be any different. If they can't relegate us or punish us in court they will at the very least try to destroy our reputation.

 

[lgorTudor]

Can the club be punished for the fraudulent action of the sporting director or the management?

Just fire the management that committed fraud in the leading role of your company so it can't fall back on your company


PROSECUTORS HATE THIS SIMPLE TRICK*


*trick might not work

 

[Valerio.]

There is nothing illegal about delaying payments especially due to covid. The illegality would be not properly noting this on financial statements in a publicly traded company

that's the problem at hands and what we're accused off.
writing off debts during pandemic moment saying to the market "we saved 90m waving players wages" and then not properly recording how we paid them later

 

[jukazem]

Not disclosed correctly on the financial statements the club made

From the sounds of things players got those delayed payments the following year.

That’s what the disclosure said, conditional on matches being played, salary is going to be aligned. And then matches were played in June and July. July is subsequent financial year and salary was up in 20/21 by around 30m compared to 19/20.

 

[Salvo]

"Questa è peggio di Calciopoli perché ce la siamo creata noi"

Also be wary of this quote it's completely out of context

What Cherubini was saying was that the financial situation we (Paratici) have created can only be compared to Calciopoli financially

 

[juve123]

2006 was bullshit too and we never should of been relegated but we were. It's trial by media and I don't think this will be any different. If they can't relegate us or punish us in court they will at the very least try to destroy our reputation.

Nah this won't happen again where we didn't properly defend ourselves. You are right about calciopoli trial being a joke.

Regarding decision to relegate juve, Carlo Porceddu, a federal prosecutor from 1998 to 2001 and current vice president of the Federal Court of Appeal, stated in an interview with Unione Sarda:

Revoking the 2005/2006 "scudetto" (championship) from Juventus and assigning to Inter it was a serious mistake. The Calciopoli investigation should have been more thorough, so much so that we, as the Federal Court, had limited the penalty to Juventus not withdrawing the championship title due to insufficient evidence. In fact, that aspect had been neglected. Then, the special commissioner of the Federation of that period had appointed a group of his friends, one of whom was also on the board of directors of Inter, and that title was revoked from Juventus and given to Inter. That was a grave error in my view.

 

[Vlad]

i thought it's already decided that we will get relegated lol

also, points deductions for next season should be based on a process evaluating this current year's financial report. do we already know that we're going to fuck up the next report too?

let's calma a bit

The drama

 

[Salvo]

Also what Dybala said is exactly what Juventus said to the investigators. I'm not sure what the balance sheets say and I'm not even sure what is missing or meant to be missing

 

[Vlad]

Have you guys even seen the disclosure that Juve made in March 2020 about salaries? There is nothing out of order. It is ridiculous how Juve fans are falling for this media bullshit.

Exactly

 

[DAiDEViL]

Have you guys even seen the disclosure that Juve made in March 2020 about salaries? There is nothing out of order. It is ridiculous how Juve fans are falling for this media bullshit.

I don't think they fall for the media bullshit as you say, but they know it's italy and they will do whatever they can to screw us over.

 

[Stevie]

I don't think they fall for the media bullshit as you say, but they know it's italy and they will do whatever they can to screw us over.

Exactly

 

[vodka]

I don't understand why it's bad to pay to the employees? Such agreements should be only on voluntarily basis. Like if the club wants to pay, why fucking not

 

[Ronn]

Have you guys even seen the disclosure that Juve made in March 2020 about salaries? There is nothing out of order. It is ridiculous how Juve fans are falling for this media bullshit.

I think the issue is that we paid the players through other channels despite that disclosure.