Football and Finance revealed them: the federal prosecutor speaks of “anomalous” sales to budget “revenues higher than those actually realized”
It is scheduled for Tuesday there first hearing before the Federal Supreme Court on the first line of investigation on capital gainsin which eleven clubs are involved including Naples and Juventus. In the files of the Power of attorney Figcviewed by Football and Financewe speak above all of “cross transactions”, that is, those exchanges of players that take place without money transactions and which, according to the investigator, have “anomalous” aspects, so much so as to suspect that they are aimed exclusively at “accounting for revenues higher than those actually made “.
In support of this thesis, a comparison is made with the usual trades, that is, those in which a club pays cash to another club to ensure the performance of a player: “When the clubs have to incur actual financial outlays, they attribute to the rights to the performances of the players. players with lower values than those agreed in the cross operations, even though they are – in the latter case – players with a less important sporting career and a lesser technical profile “.
The Federal Prosecutor explains that the investigations were carried out only on the cross operations reported by the Covisoc (the Supervisory Commission on Professional Football Clubs) and underlines how “despite the peculiarity of the football market (ie the difficulty in attributing a real value to a player, ed.), the sales under investigation present anomalous aspects, which make it is likely that the negotiation conducted was influenced by reasons that go beyond the technical / sporting sphere to encroach on budgetary policies “. In short, according to those who investigate, this type of operations, with no or almost no exchanges of money, are “a tool used by companies to account for revenues higher than those actually realized, as well as to record higher than real values of intangible assets in their assets. with a consequent improvement effect on shareholders’ equity “.
THE SITUATION OF JUVENTUS
Among the clubs that ended up in the crosshairs, the Prosecutor starts from Juventus, analyzing the reported operations: in total there is talk of 216.3 million euros from the disposals (with 152.2 million in capital gains) And 207.2 million euros paid out for purchases. Some transactions were deemed congruent with the market values of the players (in particular we are talking about exchanges Cancelo-Danilo with Manchester City e Pjanic-Arthur with Barcelona), while those in the sights concern in total 90.5 million of proceeds from sales, with 80.8 million in capital gains budgeted: of these, according to the indictment, 60.3 would be the result of fictitious capital gains. Citing some of the most important ones highlighted by the Prosecutor’s Office: for the sale of Audero in 2019 Juventus would have budgeted a fictitious capital gain of 7 million; for those of Matheus Pereira and Pablo Moreno in 2020 respectively 6 and 8 million, for those of Tongya, Portanova and Petrelli in 2021 6, 8 and 7 million respectively. The impact on shareholders’ equity would amount to 111.6 million euros in total. A figure that, however, had no impact on the club’s ability to register for the championship or not, which is why the referral only concerns the administrative offense, which can lead to a maximum penalty.
THE SITUATION OF NAPLES
As for Napoli, however, all the transactions under investigation concern the Osimhen affair: we talk about 20.1 million in revenues from disposals for 19.8 million in total capital gainswith a total outlay of 71.2 million for the purchase of the Nigerian. For the prosecution, the real value of the players sold does not exceed half a million euros, for a total of 19.3 million in fictitious capital gains: it’s about Karnezis (4.6 million fictitious capital gain), Palmieri (6.9 million), Manzi (3.9 million) e Liguori (3.9 million). The impact on shareholders’ equity would be a total of € 28.9 million. Also in this case, according to the prosecution, the figure had no impact on the club’s ability to register for the championship or not, which is why the referral concerns only the administrative offense, which can lead to a maximum penalty.
THE SITUATION OF SAMPDORIA
Among the clubs involved in the first line of investigation there is also Sampdoria: the Ligurian club would have budgeted, according to the accusation, fictitious capital gains of 11.1 million euros (related to the sales of Leverbe and Ivan to Chievo and Peeters, Mulè and Vrioni to Juventus) as well as a fictitious increase in intangible fixed assets for 10.35 million euros (linked instead to the purchases of Audero, Francofonte, Gerbi and Stoppa from Juve). The impact on shareholders’ equity would be over € 20 million in total.
Capital gains, the sporting trial begins: first hearing on 12 April