Board & Management (102 Viewers)

[JUVEMOOD]

They will give it to us next year to fuck another one of our seasons

What are they claiming we actually did with the wages?

Players forfeited 4 months of salaries and recorded that as saving in the books.. saying that if the season resumed.. the club in "good faith" will pay the players proportionally.

While the agreement with the players was that "if the season resumed" the club will pay them 3 months' salaries from the following year's budget.

They say.. the agreement should have been made known to the Public as a debt into next year's budget.
In real books, the salaries are budgeted and accounted for and paid legally from the following year budget.

This maneuver made the club look in better shape financially when the 90+ or whatever millions should have been made known as debt or ( - ) in the following year's budget.

Since the agreement also said that if the player left/sold/fired he will get the money as an exit bonus,
and if he stayed, he would get the money as a part of the bonuses.

At least, this is how I understand it.
Someone more informed can correct me here


Similar to plusvalenza.. the argument was that the plusvalenza allowed us to operate in the Mercato due to the better books which mean better players and supposedly better results on the field.



If -15 points were sanctioned for the plusvalenza case which was for 80mil profit (not sure)
I think the 20 points (for 90 mil) seem aligned as per the "calculator they used" for the -15 (for 80 mil) capital gains.


In both cases.. I think both cases are total jokes.
My opinion means shit and worth less than shit

 

Buy on AliExpress.com

[juve123]

Players forfeited 4 months of salaries and recorded that as saving in the books.. saying that if the season resumed.. the club in "good faith" will pay the players proportionally.

While the agreement with the players was that "if the season resumed" the club will pay them 3 months' salaries from the following year's budget.

They say.. the agreement should have been made known to the Public as a debt into next year's budget.
In real books, the salaries are budgeted and accounted and paid legally.

This maneuver made the club look in better shape financially when the 90+ or whatever millions should have been made known as debt or ( - ) in the following year's budget.

Since the agreement also said that if the player left/sold/fired he will get the money as an exit bonus,
and if he stayed, he would get the money as a part of the bonuses.

At least, this is how I understand it.
Similar to plusvalenza.. the argument was that the plusvalenza allowed us to operate in the Mercato due to the better books which mean better players and supposedly better results on the field.



If -15 points were sanctions for the plusvalenza case which was for 80mil profit (not sure)
I think the 20 points (for 90 mil) seem aligned as per the "calculator they used" for the -15 (for 80 mil) capital gains.


In both cases.. I think both cases are total jokes.
My opinion means shit and worth less than shit

how is it possible aren't our financial statements audited by Deloitte?

 

[Clamarc]

Imagine paying players salaries is considered a crime

 

[JUVEMOOD]

how is it possible aren't our financial statements audited by Deloitte?

This is what confuses me.


We had agreements with the players.
Management knew they will pay. but did not report it??
Which again makes me think why? I don't see a big motive to do this.

 

[Gigiventus]

Players forfeited 4 months of salaries and recorded that as saving in the books.. saying that if the season resumed.. the club in "good faith" will pay the players proportionally.

While the agreement with the players was that "if the season resumed" the club will pay them 3 months' salaries from the following year's budget.

They say.. the agreement should have been made known to the Public as a debt into next year's budget.
In real books, the salaries are budgeted and accounted for and paid legally from the following year budget.

This maneuver made the club look in better shape financially when the 90+ or whatever millions should have been made known as debt or ( - ) in the following year's budget.

Since the agreement also said that if the player left/sold/fired he will get the money as an exit bonus,
and if he stayed, he would get the money as a part of the bonuses.

At least, this is how I understand it.
Someone more informed can correct me here


Similar to plusvalenza.. the argument was that the plusvalenza allowed us to operate in the Mercato due to the better books which mean better players and supposedly better results on the field.



If -15 points were sanctioned for the plusvalenza case which was for 80mil profit (not sure)
I think the 20 points (for 90 mil) seem aligned as per the "calculator they used" for the -15 (for 80 mil) capital gains.


In both cases.. I think both cases are total jokes.
My opinion means shit and worth less than shit

This is more serious than the plusvalenza case. The other one is a poorly done practice that is somewhat impossible to prove except when our very own clowns rat themselves out.

This thing with the salaries is straight up accounting fraud by a public company.

- - - Updated - - -

This is what confuses me.


We had agreements with the players.
Management knew they will pay. but did not report it??
Which again makes me think why? I don't see a big motive to do this.

To make the books look better than they would have been, for financial gain.

 

[Akshen]

This is more serious than the plusvalenza case. The other one is a poorly done practice that is somewhat impossible to prove except when our very own clowns rat themselves out.

This thing with the salaries is straight up accounting fraud by a public company.

- - - Updated - - -


To make the books look better than they would have been, for financial gain.

isnt it the other way around? we didnt really have agreement with players, but we reported we did, then paid them straight away but officially reported it in the next financial period to make books look better for the past one?

 

[Strickland]

How can a 3m salaries amount to 90m? When was our salary budget ever 360m?

 

[juve123]

This is more serious than the plusvalenza case. The other one is a poorly done practice that is somewhat impossible to prove except when our very own clowns rat themselves out.

This thing with the salaries is straight up accounting fraud by a public company.

- - - Updated - - -


To make the books look better than they would have been, for financial gain.

Again where is the evidence? That is why the prosecutor asked for 30 days extension only accusations no concrete proofs.

 

[JUVEMOOD]

This is more serious than the plusvalenza case. The other one is a poorly done practice that is somewhat impossible to prove except when our very own clowns rat themselves out.

This thing with the salaries is straight up accounting fraud by a public company.

- - - Updated - - -


To make the books look better than they would have been, for financial gain.

Yeah... COVID was a guilt-free year.
Losses were left and right everywhere.
Sporting advantage cannot be linked and the club registration rights were never in doubt even with those 90 mil debts

 

[JUVEMOOD]

How can a 3m salaries amount to 90m? When was our salary budget ever 360m?

4 months' salaries for 25-27 players + the coach.

Probably with the bonuses..

 

[lgorTudor]

This is more serious than the plusvalenza case. The other one is a poorly done practice that is somewhat impossible to prove except when our very own clowns rat themselves out.

This thing with the salaries is straight up accounting fraud by a public company.

- - - Updated - - -


To make the books look better than they would have been, for financial gain.

You are free to negotiate, renegotiate any salary agreement with your employees to make your books better any day of the week.

As long you don't 'agree' to salary cuts on paper only to pay players under the table.

 

[juve123]

Two operations were conducted in 2019-20 and 2020-21; the second involved 17 players and is now especially under scrutiny. Facing liquidity issues, the club asked the players to waive four months' wages and officially reported savings of 90m euro.

What they didn't say is that players would only renounce one month, while the other three would be paid at a later stage, as bonuses to those who would stay and as incentives to leave the club to those who would go. These agreements are contained in private letters, which Juventus did not officially register, and were seized at Federico Restano's law firm in Turin.

 

[Badass J Elkann]

This should be a civil matter if on a sporting level we gained no advantage and the registration was never an issue what are the figc actually trying to accuse us of? Guess we broke more non existent sporting laws

 

[juve123]

This should be a civil matter if on a sporting level we gained no advantage and the registration was never an issue what are the figc actually trying to accuse us of? Guess we broke more non existent sporting laws

Fraud accounting charges same as chievo verona few years back.

 

[cimenk]

Two operations were conducted in 2019-20 and 2020-21; the second involved 17 players and is now especially under scrutiny. Facing liquidity issues, the club asked the players to waive four months' wages and officially reported savings of 90m euro.

What they didn't say is that players would only renounce one month, while the other three would be paid at a later stage, as bonuses to those who would stay and as incentives to leave the club to those who would go. These agreements are contained in private letters, which Juventus did not officially register, and were seized at Federico Restano's law firm in Turin.

Is it against the law?
If the players club agree with it. If this become a bonus or incentives, this mean it will also recorded as cost later when it happens, right?

But during that year there is no expenditure that we hide or we didnt count for our financial report

 

[juve123]

Is it against the law?
If the players club agree with it. If this become a bonus or incentives, this mean it will also recorded as cost later when it happens, right?

But during that year there is no expenditure that we hide or we didnt count for our financial report

Stop thinking too much as Italy is a banana republic and there is kangaroo court judiciary.

 

[lgorTudor]

In other EU countries if a business was inhibited by COVID it would stop paying their employees and file for the government to step in and pay the salary for the time being, and the business wouldn't need to repay that ever.

Naturally the taxpayer won't be paying millionaire football players but the notion of (COVID-induced) mutually agreed salary arrangements being illegal is a joke made in italy.

 

[Scottish]

Somebody brave enough to stare at the Milan Forum tell me how they're receiving this one

- - - Updated - - -

-20 points is only? what is a lot then, -50?

They'll take 2006 points off us

 

[Badass J Elkann]

Fucking FI comparing our unpaid wages situation with sampdoria who actually are financially fucked in their headline ffs

 

[DAiDEViL]

Fucking FI comparing our unpaid wages situation with sampdoria who actually are financially fucked in their headline ffs

Amateurs never knew how to write a headline. Perhaps on honest mistake.