Prosecutors investigating terms of Ronaldo sale – Juventus

Turin prosecutors said last week they were already looking into whether senior managers at Juventus gave false communications to investors and issued invoices for non-existent transactions.

Italian prosecutors have ordered a new search of Juventus offices as part of an ongoing probe into the Serie A club as they are also examining the financial terms of the sale of player Cristiano Ronaldo, the company said late on Thursday.

The club reiterated it was fully collaborating with authorities on the matter.

Italian finance police last week searched the offices of the Serie A club seeking documents relating to player trading between 2019 and 2021.

In August, Juventus reached an agreement to sell the Portuguese soccer star to Manchester United for 23 million euros ($26 million), including 8 million euros linked to the achievement of specific performance objectives.

The deal generated a negative economic impact of 14 million euros on its results for the 2020/21 financial year, Juventus said at the time.

                                     IGWE C.

/REUTERS
Prosecutors investigating terms of Ronaldo sale – Juventus