The Financial Situation (77 Viewers)

[Strickland]

From your previous post and this one it makes it sound like you think we broke the rules, which this shows that we clearly didn’t.

Regardless, I agree with you about plusvalenza. But I don’t think it has anything to do with learning lessons from this investigation or getting in trouble with FIGC. That stuff is a farce.

If anything it should be learning lessons from the poor state of our squad and the weaker financial position we’ve gotten ourselves during the time after replacing Beppe with Tootsie.

Imo this shows that the prosecutor was a lazy donkey not that we didnt do anything wrong. If he went to court with more than transfermarkt values he would have a case, imo we did break rules by artificially inflating values of our assets, he just couldnt prove it whatsoever.

In future we should trade in NFTs if we want to fix the books, good luck to anyone in proving how much an NFT should or shouldnt cost.

 

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[Vlad]

Imo this shows that the prosecutor was a lazy donkey not that we didnt do anything wrong. If he went to court with more than transfermarkt values he would have a case, imo we did break rules by artificially inflating values of our assets, he just couldnt prove it whatsoever.

In future we should trade in NFTs if we want to fix the books, good luck to anyone in proving how much an NFT should or shouldnt cost.

There is no such rule... We can ask 1 billion for Rabiot and no one can fine us. As long as we abide by IFRS, no issue

 

[Post Ironic]

Imo this shows that the prosecutor was a lazy donkey not that we didnt do anything wrong. If he went to court with more than transfermarkt values he would have a case, imo we did break rules by artificially inflating values of our assets, he just couldnt prove it whatsoever.

In future we should trade in NFTs if we want to fix the books, good luck to anyone in proving how much an NFT should or shouldnt cost.

Are you an expert on this stuff? I doubt it. Whereas prosecutors are supposed to be experts. Perhaps he was full of shit, and you’re entirely wrong here. Perhaps he used transfermarkt values because there was no case. And we were doing nothing that there are rules against. That seems the most likely to me.

And given the history of fake scandals and punishments given to this club, it wouldn’t surprise me at all if this was just another farcical witch hunt with no basis in reality.

 

[JuveJay]

The authorities in Italy are poisonous. Not only do they not aid the clubs when it comes to infrastructure but they hinder and target them with stricter financial parameters than other associations. This parochialistic mentality is prevalent across the country, and there is nothing more divisive than calcio.

 

[Strickland]

Are you an expert on this stuff? I doubt it. Whereas prosecutors are supposed to be experts. Perhaps he was full of shit, and you’re entirely wrong here. Perhaps he used transfermarkt values because there was no case. And we were doing nothing that there are rules against. That seems the most likely to me.

And given the history of fake scandals and punishments given to this club, it wouldn’t surprise me at all if this was just another farcical witch hunt with no basis in reality.

Im not, but, from what was reported, the reason for throwing the case wasnt that false accounting isnt punishable, but rather that the prosecutor failed to provide evidence for the basis of the case - that the players were sold at inflated values.

 

[juve123]

Are you an expert on this stuff? I doubt it. Whereas prosecutors are supposed to be experts. Perhaps he was full of shit, and you’re entirely wrong here. Perhaps he used transfermarkt values because there was no case. And we were doing nothing that there are rules against. That seems the most likely to me.

And given the history of fake scandals and punishments given to this club, it wouldn’t surprise me at all if this was just another farcical witch hunt with no basis in reality.

It was the same in Luis Suarez passport investigation case .The authorities will do everything to drag juve name or damage juve. I wonder when we are publicly listed on the stock exchange have our financial statements audited every quarter are such things even possible?

 

[s4tch]

10/10

 

[Vlad]

Im not, but, from what was reported, the reason for throwing the case wasnt that false accounting isnt punishable, but rather that the prosecutor failed to provide evidence for the basis of the case - that the players were sold at inflated values.

There was no false accounting. We reported every income, we pay taxes, we release annual financial statements as any plc is required to, we abide by IFRS, we are audited every year. Stop. One of the false accountings would have been reporting higher income than invoiced and the other way around. Valuation of assets is subjective and there is no limit as to how much a company can value something.

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In fact selling any asset bellow net carrying amount or bellow market value (depends which is higher) can be punishable because you pay less in taxes.

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The only reason I didnt like our business model was its focused on short term gains. In those kind of exchange deals, you report high income upon sale but cost is spread over several years. In the long run depreciation skyrockets as a result.

 

[campionesidd]

There was no false accounting. We reported every income, we pay taxes, we release annual financial statements as any plc is required to, we abide by IFRS, we are audited every year. Stop. One of the false accountings would have been reporting higher income than invoiced and the other way around. Valuation of assets is subjective and there is no limit as to how much a company can value something.

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In fact selling any asset bellow net carrying amount or bellow market value (depends which is higher) can be punishable because you pay less in taxes.

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The only reason I didnt like our business model was its focused on short term gains. In those kind of exchange deals, you report high income upon sale but cost is spread over several years. In the long run depreciation skyrockets as a result.

And the net result is worse than what we start with, because we cannot offload players with high book values like Higuain and Arthur.

 

[Vlad]

And the net result is worse than what we start with, because we cannot offload players with high book values like Higuain and Arthur.

Yes, because we dont want to record loss upon sale. Very shortsighted strategy.

 

[Bianconero_Aus]

This case was always going to fail.

At the end of the day, player values are totally subjective. It’s like buying any product. What one man values at z amount, another values at y amount. Good luck proving players are worth a specific value in the transfer market when ALL clubs hyperinflate the values of players in those supposedly shady deals. Targeting mainly Juventus (and Napoli to tbf) is just typically Italian self-injurious bullshit. You barely see this happen to top clubs in other leagues.

 

[Bianconero_Aus]

Oh and presenting a case against and citing Transfermarkt as a source Correct me if I’m wrong, but isn’t that site just when run by geeks who play a lot of football manager and therefore think they know everything they need about tactics, player valuations etc?

 

[Bianconero_Aus]

Did they find the secret document relating to transfer of Ronaldo? What a joke of a system with juve players being interrogated for hours like criminals.

I forgot about that bullshit

 

[Bianconero_Aus]

It was the same in Luis Suarez passport investigation case .The authorities will do everything to drag juve name or damage juve. I wonder when we are publicly listed on the stock exchange have our financial statements audited every quarter are such things even possible?

These prosecutors use Juventus to make a name for themselves.

It’s happened since the days of Farsopoli until now. They’ll keep having a go at us too, this doesn’t end here. They’ll find some new convoluted BS to throw at us and see what will stick.

 

[zizinho]

They should investigate Allegri next. He's getting paid 9M for ruining the club

 

[s4tch]

Oh and presenting a case against and citing Transfermarkt as a source Cottect me if I’m wrong, but isn’t that site just when run by geeks who play a lot of football manager and therefore think they know everything they need about tactics, player valuations etc?

this is some absurd shit, kafka would be proud.

 

[Bianconero_Aus]

I was just about to post that quote
Absolutely unreal. This league and country couldn’t be more of a sick joke.

Maybe if this piece of shit organisation put more energy into promoting the league, lobbying the government to renovate stadiums, improve youth football, investigate why the country has failed to qualify for the last two World Cups, instead of continually going after the biggest and most successful club, things would be better for all.

But we all know the fucked up vindictive nature of Italians. The mentality of most of these sick fucks is, “I support whoever plays against Juventus”. The hatred and sick jealousy towards us is as vile and fucked up as ever.

 

[Juventino[RUS]]

I was just about to post that quote
Absolutely unreal. This league and country couldn’t be more of a sick joke.

Maybe if this piece of shit organisation put more energy into promoting the league, lobbying the government to renovate stadiums, improve youth football, investigate why the country has failed to qualify for the last two World Cups, instead of continually going after the biggest and most successful club, things would be better for all.

But we all know the fucked up vindictive nature of Italians. The mentality of most of these sick fucks is, “I support whoever plays against Juventus”. The hatred and sick jealousy towards us is as vile and fucked up as ever.

Created a farsopoli that destroyed the league for many years, the consequences were - it lead to degradation of the league and also partly because of this and racism and the riots at the stadiums Italy was deprived of the right to host Euro 2008 while they were favourites of voting in 1st round in 2005, same story for euro 2016, this time they've lost in the 1st round. Football stadiums are still not owned by clubs because city municipalities are the real mafia who doesn't let clubs to take the ownership that's why so many stadiums arestill from the era of the dinosaurs, the failure to reform the youth football, absolute failure on the internet with promotion of Serie A - only for past couple of years they've started to create a content for social networks and youtube but at the same time many clubs still don't have an english page on their websites/social networks and so on and so on.

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Genoa with +200m and for few years they are fighting for survival and this season they will probably relegate lol. Atalanta +162m, Udinese +172m, Empoli +100m, Sampdoria +71m that's an amazing management

 

[kappa96]

We all knew they got nothing on us.
The dumb prosecutor knew, yet I think he really liked searching the dumpsters for the secret Ronaldo files.
That's why he was so motivated. He has garbagefillia.

 

[rainhard]

We all knew they got nothing on us.
The dumb prosecutor knew, yet I think he really liked searching the dumpsters for the secret Ronaldo files.
That's why he was so motivated. He has garbagefillia.

We all know that happens and the most visible transfer is Pjanic Arthur swap

We basically buy Arthur for 12m USD and give them Pjanic for free but for accounting purpose both club get larger profit to handle FFP, about the amortization is a later issue to be dealt later as long as we clear on FFP for that covid season as both club need that transfer to happen at that price

If we want to use real value then max 20m for ageing and small year in contract Pjanic vs 32m for relative young prospect Arthur that Barca just bought for 30m.



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