Club Financial Control Body will take any 'legal step' deemed appropriate
The UEFA Club Financial Control Body has said it is prepared to take any “legal step it may deem appropriate” after opening a formal investigation into Juventus FC for potential breaches of the Club Licensing and Financial Fair Play regulations.
The CFCB First Chamber investigation will focus on the alleged financial violations that were recently made public as a result of the proceedings led by the Italian Companies and Exchange Commission (CONSOB) and the public prosecutor in Turin.
On 23 August 2022, the CFCB First Chamber concluded a settlement agreement with Juventus FC. The settlement agreement was concluded on the basis of the financial information previously submitted by the club pertaining to the financial years closing in 2018, 2019, 2020, 2021 and 2022.
“In the event that, after conclusion of this investigation, the club’s financial situation was significantly different from that assessed by the CFCB First Chamber at the time the settlement agreement was concluded, or if new and substantial facts arise or become known, the CFCB First Chamber reserves the right to terminate the settlement agreement, take any legal step it may deem appropriate, and impose disciplinary measures in accordance with the applicable UEFA CFCB Procedural Rules,” a UEFA statement said.
It added: “The CFCB First Chamber will cooperate with national authorities and will make no further comment on the matter while the investigation is ongoing.”