Juventus obtained a reduction in the sanction imposed by Consob, the Italian financial markets authority, in the context of the capital gains case. In a press release, the Turin club announced that the procedure had been closed with an administrative fine of 190,000 euros targeting the company, an amount slightly lower than the first proposal (200,000 euros).
The decision also concerns several former directors and managers, individually targeted by financial sanctions for a total of 310,000 euros, again a significant reduction compared to the envelope initially mentioned (840,000 euros), to which are added so-called “accessory” sanctions, also revised downwards.
Juve recalls that it remains “jointly and severally responsible” for the payment of the fines imposed on the ex-managers. However, no sanction has been imposed against the manager currently in office, also targeted in the procedure.
Above all, this file could not stop there. The club indicates that it will analyze the content of the decision in detail before taking a position, and specifies that the text is contestable before the competent Court of Appeal within 30 days. Juve therefore reserves the possibility of filing an appeal.
