Stock Market Authority Looking Into Juventus Suspicious Deals

While divulging their balance sheets in full, Juventus revealed that Consob opened an inquiry on their transfer market deals. The independent authority monitors the activity of the companies that are listed in Italy. The club stated that the investigation started on July 12th and is still ongoing. It aims to collect information on the sales of a few players and especially on the profit generated from them.

Juventus have relied heavily on the so-called plusvalenze over the years. They routinely attached bloated price tags to youngsters involved in swaps with other teams. The most relevant ones in the 2020/2021 season concerned the purchase of Nicolò Rovella. They got him in exchange for Manolo Portanova and Elia Petrelli. The sides evaluated the two players a total of €18M even though they had no Serie A experience. They also sold Franco Tongya to Olympique Marseille for €8M and put together a €10M swap with Manchester City, acquiring Felix Correia for Pablo Moreno.

Juventus refrained from using the stratagem this summer. They gained very little from the numerous departures. Merih Demiral, Marko Pjaca, and Douglas Costa moved on loan, the first two with options to buy. Manchester United paid a low fee for Cristiano Ronaldo. Atalanta picked up their €16M clause for Cristian Romero before selling him to Tottenham. However, it generated a loss because they had previously calibrated his price tag over a two-year stint. In past years, the Bianconeri had brought in €30M with this tactic in 2020/2021 and a massive €172M in 2019/2020, Calcio e Finanza reports.