Board & Management (103 Viewers)

s4tch

Senior Member
Mar 23, 2015
33,530
If I’m correct we agreed with the players to postpone their payments and ultimately we paid them via bonuses or sponsorships without declaring it on the balance sheet.
i think that those wages were deferred, they were reported in the balance sheet. the problem is that the title was not wages, but as you said, bonuses and shit, while they should have been reported as wages.

i don't think there was any indication that the club made off balance payments. of course some journalists wrote that, but i don't remember any evidence pointing to that direction.
 

Stevie

..........
Mar 30, 2003
20,732
Can someone put their social media accounts here..
I am not sure I follow them there.
I will unfollow for sure


100% I am opening their app at least 3 times a day on average and spend 10-60 min on it.


football-related apps for me
Tapatalk/TUZ
Telegram
Football Italia
Forza

I have those but rarely open
flash score
Goal
Onefootball
Ban them like we use to ban Goal on Tuz. I eventually stopped using Goal because of the ban so it worked.

I've unfollowed them and deleted the app but it would need to be a trending thing on Twitter with 1000s boycotting them for it to have any effect.
 

Lion

King of Tuz
Jan 24, 2007
36,185
why doesn't our board hire citadel securites lawyers. SEC can only fine them laughable amounts of money fines for violating market rules while they make billions in profit.

when in doubt hire wall street lawyers to get you off
 

Mark

The Informer
Administrator
Dec 19, 2003
97,622
Ban them like we use to ban Goal on Tuz. I eventually stopped using Goal because of the ban so it worked.

I've unfollowed them and deleted the app but it would need to be a trending thing on Twitter with 1000s boycotting them for it to have any effect.
start the hashtag
 

Vlad

In Allegri We Trust
May 23, 2011
23,990
i think that those wages were deferred, they were reported in the balance sheet. the problem is that the title was not wages, but as you said, bonuses and shit, while they should have been reported as wages.

i don't think there was any indication that the club made off balance payments. of course some journalists wrote that, but i don't remember any evidence pointing to that direction.
How could we pay off the books? We are talking about dozens of millions of euros. Those journalists are clueless.
 

Boksic

Senior Member
May 11, 2005
14,291
Fuck FI

Juventus fans need to start boycotting it. They've been biased against us for years and I'd say 90% of their readers and success has came from Juve fans.

Fuck them.
The website is terrible now anyway. I had gradually stopped visiting it even before the case because of the layout, speed to load articles and low quality reporting. Plus there us an obvious anti-Juve bias.
 

Vlad

In Allegri We Trust
May 23, 2011
23,990
If I’m correct we agreed with the players to postpone their payments and ultimately we paid them via bonuses or sponsorships without declaring it on the balance sheet.

Tbh I don’t understand it enough to say whether it’s (very) illegal or not what we did.

I remember that we were the first team in Europe who agreed a postponement of salaries during that period.

If anything I surely won’t believe anything that the media writes until I’ve seen a verdict. It’s all very technical and I doubt that a simple journalist is able to predict what a judge will say.
That is simply impossible. You would need to falsify bank statements. One of the first things auditors ask from a company they are auditing are original bank statements and they compare it to a balance sheet.
 

Boksic

Senior Member
May 11, 2005
14,291
That is simply impossible. You would need to falsify bank statements. One of the first things auditors ask from a company they are auditing are original bank statements and they compare it to a balance sheet.
The way I read the case was that we did not accrue the wages balances at the end of the accounting period but paid them in the next year. Not that we hid the payments but our accounts suggested the conditions for them become payable were harder to meet than they actually were. The payments would be caught in the next year.

If we hid payments and paid them off the record it is obviously a bigger issue but as someone else mentioned I'm not sure the journalists really understand the case to be able to explain it.
 

Vlad

In Allegri We Trust
May 23, 2011
23,990
The way I read the case was that we did not accrue the wages balances at the end of the accounting period but paid them in the next year. Not that we hid the payments but our accounts suggested the conditions for them become payable were harder to meet than they actually were. The payments would be caught in the next year.

If we hid payments and paid them off the record it is obviously a bigger issue but as someone else mentioned I'm not sure the journalists really understand the case to be able to explain it.
Thats the only thing that would make sense. We moved the costs into the next fiscal eventhough those costs referred to previous period and like you said, should have been accrued. But in general that kind of error/ommision is barely worth of fine.

Hidden payments are obviously false as it would require high level of manipulation, including auditing company joining in. Thats why I think that is if not impossible at this level than highly improbable.
 

Valerio.

Senior Member
Jul 5, 2014
5,746
Then not sure what we did exactly wrong

Might be nothing. We did something thats enough
that we said players were forfetting 4months of salary saving 91m.
In the end players waived just 1 month of salary and got the rest next season.
They already knew they were getting the money anyway just not that fiscal year.
Consob claim we shouldn't have put those 4months as saved money in the books but still account them that fiscal year instead of next season.
 

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