Ans they needed 5 hrs for the penalty
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Ans they needed 5 hrs for the penalty
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Plusvalenza-Juventus Investigation: In the documents there is also a defence statement dated 2021 by lawyer Maurizio Bellacosa who reaffirms, after the first searches, the correctness of the budgets:
"Juventus has correctly accounted for the transfer of the rights to the sports performances of the players according to the provisions of referred to in accounting standard IAS 38, paragraph 113, relating to terminations and divestments....
The correctness of the reference to IAS 38, is confirmed by the constant international practice of the 'football industry', on the basis of which capital gains are recorded in relation to the sale of intangible assets, where the net proceeds from the sale is higher than the book
Specifically, the Juventus lawyer places the emphasis not so much on the cost of the values given to individual players, but precisely on the difference in the operations taking place between the clubs.
In practice, according to Juventus, these are not exchange transactions, but an incoming transaction and, subsequently, an outgoing one or vice versa: "It is, ultimately, not a single "exchange transaction" and not even connected contracts...
but separate & independent contracts for the sale & purchase of intangible assets. These characteristics exclude the application of the accounting standard IAS 38, par 45 & the fair value of the assets respectively sold &received is susceptible to reliable independent measurement
"Juventus has correctly accounted for the transfer of the rights to the sports performances of the players according to the provisions of referred to in accounting standard IAS 38, paragraph 113, relating to terminations and divestments....
The correctness of the reference to IAS 38, is confirmed by the constant international practice of the 'football industry', on the basis of which capital gains are recorded in relation to the sale of intangible assets, where the net proceeds from the sale is higher than the book
Specifically, the Juventus lawyer places the emphasis not so much on the cost of the values given to individual players, but precisely on the difference in the operations taking place between the clubs.
In practice, according to Juventus, these are not exchange transactions, but an incoming transaction and, subsequently, an outgoing one or vice versa: "It is, ultimately, not a single "exchange transaction" and not even connected contracts...
but separate & independent contracts for the sale & purchase of intangible assets. These characteristics exclude the application of the accounting standard IAS 38, par 45 & the fair value of the assets respectively sold &received is susceptible to reliable independent measurement
