In the midst of the judicial earthquake, the board of directors of the Juventusstill composed by the president Andrea Agnelli and from the outgoing councilors approved the new one correct budget after the surveys of the Consob. The new lost – previous was 254.3 million euros – is of 239.3 million and, underlines the press release from the Juventus club, the re-approval of the financial statements is the result of analyzes and evaluations carried out in the meeting of 28 November, the one in which the mass resignations were triggered. In particular: “Having acquired the new updated opinions, given in the light of the examination of the relevant documentation, relating to the investigation by the Public Prosecutor’s Office, with reference to the so-called “salary maneuvers”carried out in the financial years 2019-20 and 2020-21″. The approval also led to a “restatement” of previous budgets and, due to corrections, the net assets as of 30 June 2021, as communicated by Juventus, he was alone 8.7 million euros and thefinancial debt net was even 389.2 million euros.
In a note, the company reiterates that “found that it is about complex profilesrelated to elements of evaluation susceptible to different interpretations regarding the applicable accounting treatment, the Board of Directors has carefully considered the possible alternative treatments”. And “although the accounting treatment adopted falls within those permitted by the applicable accounting standards, the Company, in the process of adopting a perspective of heightened cautionhas decided to review some estimates and assumptions that they entail corrections of the estimates of competence charges end of June 2020 end of June 2021 and end of June 2022″.
The draft budget will be submitted to the approval of theshareholders’ meetingexpected on December 27, 2022after being postponed twice, first from October to November and then to the current date. Juventus, concludes the note, “will continue to collaborate and cooperate with the supervisory authorities and sector, without prejudice to the protection of their own rights in relation to disputes moves against the Company’s financial statements and press releases by Consob and the Public Prosecutor’s Office”. And he specifies that, despite having corrected the financial statements following the remarks by Consob, the “impact of the restatements of the financial data relating to the years ended 30 June 2022 and 2021 they differ compared to adjustments deriving from the remarks raised” by the supervisory authority for companies listed on the Stock Exchange.
