ROME: Serie A club Juventus said on Thursday it was under investigation by the European governing body UEFA for possible breaches of its financial rules.
The Turin-based club made the announcement in its financial statements to be presented at its annual shareholders’ meeting on November 7.
Juventus said that UEFA had informed the club on September 18 that proceedings had been opened to investigate possible breaches of the governing body’s football earnings rule between 2022 and 2025, with a verdict expected in the spring of next year.
The club said this could result in “a possible economic sanction ... and possible sporting restrictions.”
UEFA’s football earnings rule limits clubs to 60 million euros ($70.14 million) in losses over a three-year period.
This can be raised by 10 million euros per year if clubs meet four conditions that UEFA considers representative of “good financial health.”
Juventus, fifth in the Serie A standings with 12 points from six matches, made a modest start to the season with three wins and three draws. Controlled by the Agnelli family for a century, Juventus posted a 58-million-euro loss in the fiscal year ended June 30.
The club posted its last annual net profit in the 2016/2017 season.
Juventus under investigation by UEFA over financial fair play
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Juventus under investigation by UEFA over financial fair play
- UEFA had informed the club on Sept. 18 that proceedings had been opened to investigate possible breaches
- The club said this could result in “a possible economic sanction ... and possible sporting restrictions”
Bayern Munich’s Luis Díaz gets Champions League ban cut after reckless foul on PSG’s Achraf Hakimi
- UEFA said Friday that Díaz’s appeal on the charge of “serious rough play” was upheld
- That means he still misses Bayern’s Champions League game at home to Sporting Lisbon on Tuesday
NYON: Bayern Munich forward Luis Díaz has had his three-game Champions League ban reduced to two on appeal following his reckless foul on Paris Saint-Germain’s Achraf Hakimi.
UEFA said Friday that Díaz’s appeal on the charge of “serious rough play” was upheld, without specifying why.
That means he still misses Bayern’s Champions League game at home to Sporting Lisbon on Tuesday but he can return against Belgium’s Union Saint-Gilloise next month.
Díaz scored twice before being sent off in an eventful 2-1 win against PSG last month. He made a wild lunge from behind and Hakimi’s left leg appeared to be momentarily trapped before he fell.
Díaz still has to serve more than the mandatory minimum one-game sanction for a red card, unlike Cristiano Ronaldo.
In an unusual decision last month, FIFA gave the Portuguese superstar a three-game ban, but with two suspended for a probationary period, over a serious foul-play incident against Ireland last month. That means he will likely avoid missing any games at the start of his record sixth World Cup next year.
