Juventus clarifies ‘Ronaldo Paper’ ruling and plans to review arbitration decision

Juventus he clarified that the ‘Ronaldo Paper’ that appeared during investigations into the so-called wage movements was not binding and they will review the decision of the arbitration board.

The Serie A giants released the official statement on Wednesday night after an arbitration court ruled that the club had to pay almost 10 million euros plus interest to former striker Cristiano Ronaldo following a Portuguese lawsuit.

Ronaldo had left Turin in 2021 with €19.5m in unpaid wages and wanted to repay the sum in full.

“Juventus Football Club SpA (“Juventus” or the “Company”) announces, in relation to the arbitration case brought by former Registered Player Cristiano Ronaldo dos Santos Aveiro (“Former Registered Player”) against the Company, the -today the arbitration board sent its decision on the dispute to the parties,” said the Serie A giants.

“The arbitration board, by majority decision, determined the validity of the former registered player’s compensation reduction agreement regarding the 2020-21 sports season and recognized that no supplemental agreement had been entered into between the parties, and therefore decides that. the “Ronaldo paper” (“Ronaldo card”) has no binding effect; therefore, the arbitration board rejected the former registered player’s requests regarding the invalidity of the compensation reduction agreement and the execution of the supplemental agreement; they also rejected the request to cancel the compensation reduction agreement, recognizing that the Company had not committed fraud, that their conduct did not affect the former registered player’s willingness to enter the that compensation reduction agreement; they partially granted the request made by the former registered player in the real alternative, finding out the pre-contractual liability of Juventus due to the failure of negotiations and ordering the defender an amount of around has paid Euro 9.8 million (equal to half of the requested amount). with the former registered player of about Euro 19.6 million).

“The Company, also with the assistance of its legal counsel, is reviewing the decision made by the arbitration board, reserving all evaluations and initiatives to preserve its rights. “

Juventus said that the private agreements with Cristiano Ronaldo were not binding, so the arbitration court rejected the player’s request to cancel the compensation reduction and fulfill the supplementary agreement. However, the court also confirmed the “pre-contractual liability” of Juventus which means that the club must pay almost 10 million euros to their former star.

The club also suggests that this is not the end of the story as they are now reviewing the arbitration board’s decision and are not ruling out any initiative to preserve their rights.