Shocked by Juventus’ financial scandal, the former Bayern Munich CEO said he had never seen anything like it

Shocked by Juventus' financial scandal, the former Bayern Munich CEO said he had never seen anything like it
February 23, 2023

In an interview with Italian newspaper Corriere dello Sport, former Bayern Munich CEO Karl-Heinz Rummenigge was requested in regards to the monetary scandal that engulfed Italian soccer. Juventus over the previous few months. In case you had been out of the loop, Juventus chairman Andrea Agnelli allegedly hid greater than €200m in losses by way of bogus accounting and inflated capital beneficial properties, which finally led to the resignation of your entire board final December adopted by a 15-point deduction in Serie A. .

Rummenigge was shocked by the size of the scandal it captured Football Italy:

“I could not consider what Juventus did, I’ve by no means heard something comparable in my life.”

“Juventus is a giant membership in Italy and Europe however they scored an ideal personal objective. I am positive they are going to be capable of rebuild once more in time.”

The investigation might have ramifications for Bayern too, with defender Matthijs de Ligt dealing with a potential 30-day ban from soccer for accepting unlawful wage funds in the course of the pandemic. Extra on this story could be discovered right here.

Anyway, Rummenigge accuses these golf equipment – Juventus, F.C.BAnd real madrid – Push the narrative of the European Premier League to cover their losses. His rebuttal was scathing.

“It’s no coincidence that it was the thought of ​​three golf equipment with large liquidity issues.”

“The proposal for the Premier League now’s to incorporate 80 golf equipment somewhat than 20, however soccer can not afford such a drastic change. What wants to alter shortly is Monetary Truthful Play, which must be more durable. Golf equipment are always underneath stress from followers and media demanding Spending some huge cash, however soccer is the one business that causes losses.”

Whereas Bayern Munich stays wholesome financially, they look like the exception among the many huge golf equipment in Europe in the meanwhile. with Manchester city With severe abuses being investigated by the Premier League and Chelsea spending as if there isn’t any tomorrow, one has to marvel what the monetary panorama of European soccer will likely be like in a number of years’ time.

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