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Juventus say prosecutors looking into terms of Ronaldo sale

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.August 28, 2021 Juventus’ Cristiano Ronaldo merchandise on display before the match REUTERS/Massimo Pinca/File Photo

Juventus (JUVE.MI) said Italian prosecutors had ordered a new search of its offices under an investigation into the Serie A club’s financial accounting and were also examining the terms of the sale of star player Cristiano Ronaldo to Manchester United (MANU.N) 

Publishing a supplement to an investor document for a share issue on Thursday, Juventus reiterated that it had always acted in compliance with existing laws and it was fully collaborating with authorities.

Turin prosecutors said last week they were investigating the club and some of its senior managers, including Chairman Andrea Agnelli and Vice President Pavel Nedved, in a case centred around player transfers. 

The prosecutors said they were checking whether Turin-based Juventus provided false communications to investors and issued invoices for transactions that never took place.

Italian financial police searched the club’s offices last week to seize documents relating to player transfers between 2019 and 2021.

The latest search mentioned in the investor document was carried out on Thursday, a person with knowledge of the matter told Reuters.

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Hit hard by the fallout of the COVID-19 pandemic, Juventus are seeking to raise 400 million euros in cash by selling new shares to cut debt and repair its finances.

In the supplement to the cash call prospectus, Juventus said prosecutors were also looking at its financial statements for the first half of 2021 in relation to Ronaldo’s sale.

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

Juventus said at the time the deal entailed a 14 million euro hit on its results for the 2020/21 financial year, contributing to a record-high loss of 210 million euros.

A judicial source said prosecutors were checking the accuracy of figures in the club’s financial statement relating to the transaction after a wiretapped conversation between club officials mentioned a document that called into question the fairness of the accounting.

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Lawyers for Juventus and its managers said the new search did not reflect new charges being investigated, adding the warrant mentioned a document which had yet to be found.

The club said in the supplement to the share issue document that it did not believe the investigation and the searches constituted a “material adverse change” under a contractual clause that would allow the banking consortium guaranteeing the cash call to withdraw its commitment.

Juventus, one of 12 leading European clubs that made a failed attempt to set up a breakaway European Super League in April to beef up their finances, is controlled by Exor (EXOR.MI), the holding company of Italy’s Agnelli family.

Exor has committed to subscribing to the cash call to keep its 63.8% stake.

Goldman Sachs (GS.N), JP Morgan (JPM.N), Mediobanca (MDBI.MI) e UniCredit CIB (CRDI.MI) are the offer’s joint global coordinators.

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Juventus shares were down 0.8% by 1531 GMT on Friday against a flat Italian all-share index (.FTITLMS).

($1 = 0.8854 euros)

-Reuters

Kunle Solaja is the author of landmark books on sports and journalism as well as being a multiple award-winning journalist and editor of long standing. He is easily Nigeria’s foremost soccer diarist and Africa's most capped FIFA World Cup journalist, having attended all FIFA World Cup finals from Italia ’90 to Qatar 2022. He was honoured at the Qatar 2022 World Cup by FIFA and AIPS.

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Dalma Maradona Accuses Doctors of Causing Father’s Death

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Diego Maradona’s death “would have been avoided” if the medical team around him had done their job, his daughter Dalma accused on Tuesday at the trial of health professionals of the circumstances of the death of the Argentine football idol

Dalma, 38, the elder of Maradona’s two daughters with his ex-wife Claudia Villafañe, was a star witness on the 11th day of the trial in San Isidro (north of Buenos Aires). And like others since the start of the trial, she blamed the caregivers of her father’s final weeks and the framework of his convalescence.

” If they had done their job, (his death) would have been avoided,” Dalma said, referring to the medical team and in particular to three of the accused: attending physician and neurosurgeon Leopoldo Luque, psychiatrist Agustina Cosachov and psychologist Carlos Diaz.

” They deceived us (the family) in the most cruel way (…) They made us believe that the only possible option was to convalesce at home after his operation, in a house that was rented for the occasion in Tigre (north of Buenos Aires),” Dalma said.

According to them, ” it would be a serious home hospitalisation,” Diego would have everything like in a clinic, but in a house,” with 24/7 medical attention, medical equipment, an ambulance at the door permanently, she continued.

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” It never happened,” she said in a statement often interrupted by tears. In this “disgusting, piss-smelling ” house, a doctor only came to see him from time to time.”

Maradona died at the age of 60 on November 25, 2020, from a cardiorespiratory crisis complicated by pulmonary oedema, in this private residence, where he had been convalescing for two weeks after neurosurgery for a head hematoma.

Seven practitioners – doctors, psychiatrists, psychologists, nurses – are accused of “homicide with possible intent”, characterised when a person commits negligence while knowing that it can lead to death.

Mr. Luque, who was close to Maradona, ” was his primary care physician, and I didn’t think he was recommending something that wouldn’t be best for my father,” Dalma continued.

With his sister Gianinna ” we didn’t have much influence, we could say what we thought but didn’t decide anything .” Sometimes someone from the care team or from the entourage would say “that Dad was sleeping, sometimes that he didn’t want to see anyone,” that the best thing was not to disturb him. “

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” In hindsight, we should have decided.”

Last Tuesday, Veronica Ojeda, ex-partner and mother of Maradona’s son born in 2013, testified that the star’s close entourage “kept him as if he were sequestered” in the last months of his life.

The practitioners on trial, who deny any responsibility for the death, are seeking sentences of 8 to 25 years in prison. The trial is expected to last until July, with one or two hearings per week.

Le360 (with AFP)

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Mexican referee disciplined for seeking Messi autograph

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Marco Antonio Ortiz Nava was sanctioned for asking Lionel Messi for an autograph. Photo: screenshot

Mexican referee Marco Antonio Ortiz Nava found out the hard way that there are consequences for seeking an autograph from eight-time Ballon d’Or winner and World Cup winner Lionel Messi — he was hit with a CONCACAF disciplinary sanction.

As the final whistle blew on Inter Miami’s 1-0 Champions Cup win over Sporting Kansas City, secured by a brilliant second-half goal from Messi, the referee known as ‘El Gato’ approached the Argentina international.

He appeared to be asking for the striker’s shirt to join the Messi-mania, but it turned out he was actually requesting an autograph for a relative with special needs.

Despite the heartfelt request, Ortiz’s actions did not comply with CONCACAF’s code of conduct for officials.

“Upon investigation, CONCACAF has learned that the referee approached the player to request an autograph for a family member with special needs,” the North American football governing body said in a statement to ESPN.

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Although the exact nature of the disciplinary action was not disclosed, CONCACAF added that Ortiz accepted full responsibility for his actions and apologised for his breach of protocol.

The first leg of the premier continental tournament for clubs from North America, Central America and the Caribbean was initially postponed due to a winter storm warning in the area.

Inter Miami will host Sporting in the return leg at Chase Stadium on Tuesday.

“The referee’s actions were not in accordance with the confederation’s code of conduct for match officials and the procedures in place for these types of requests.”

Reuters

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The ranking of 10 highest-paid athletes in the world

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The world’s top athletes don’t just dominate on the field—they lead the way financially, too.

From football icons to basketball superstars, these elite performers are earning staggering sums through salaries, endorsements, and off-field ventures.

Using data from Sportico, sportsunlimitednews breaks down the top 10 highest-paid athletes globally.

10. Jon Rahm

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On December 2023, Jon Rahm announced he was joining LIV Golf after a very successful stint at the PGA, earning 11 PGA Tour wins since joining in 2016. Now signed under LIV Golf, the Spaniard is considered one of the best-paid athletes in the world, accumulating $85.6 (€82.3/£68.55) million in winnings and $20 (€19.2/£16) million on endorsement deals

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9. Kylian Mbappe

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Following his massive transfer to Real Madrid in 2024, Kylian Mbappe is now ranked the 9th highest-paid athlete in the world. The French forward earns $85 (€81.6/£68.9) million in salary and $25 (€24/£20) million in endorsements, totalling $110 (€105/£88) million—a ‘galactico’ price tag for one of the best players in the world.

8. Karim Benzema

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Another former Real Madrid star, Karim Benzema is ranked amongst the top ten best-paid athletes in the world following his move to Al-Ittihad (Saudi Arabia). The French striker earns $108 (€103/£86.4) million alongside $8 (€7.6/£6.4) million in endorsements.

7. Oleksandr Usyk

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Up next, we have an undisputed heavyweight champion, who took down Tyson Fury for a second time in 2024. Oleksandr Usyk is arguably one of the best fighters in the world right now, and his earnings reflect that. The Ukrainian makes an average of $120 (€115/£96) million in winnings alongside $2 (€1.9/£1.6) million on endorsements, standing on $122 (€117/£97.7) million.

6. Neymar Jr.

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Neymar Jr. is in the final stages of his professional football career. The former Barcelona and PSG man has enjoyed a successful stint across multiple teams around the world. Now in Santos FC, the Brazilian star is still considered one of the highest-paid players in the world, earning a $108 (€103/£82) million salary and $25 (€24/£20) million in endorsements.

5. LeBron James

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The Los Angeles Lakers veteran and NBA star is ranked fifth in the world following his jaw-dropping $85 (€81.6/£68.3) million endorsement deals with Coca-Cola and PepsiCo. Alongside his endorsements, he cashes in a salary of $48.2 (€46.3/£38.6) million a year.

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4. Lionel Messi

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The Inter Miami star has one of the most lucrative contracts in world football. The Argentinian forward earns $60 (€57.6/£48) million a year, alongside $75 (€72/£60) million on endorsement deals. He is linked to Louis Vuitton, Mastercard and Pepsi.

3. Tyson Fury

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The ‘Gypsie King’ is ranked third in the world, despite his recent losses and retirement announcement in late 2024. Fury cashed in $140 (€134.4/£112) million in winnings alongside $7 (€6.7/£5.6) million in endorsement deals, a very fruitful 2024 for the former British heavyweight champ.

2. Stephen Curry

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Stephen Curry can still boast of having the highest-paying salary in the NBA for the eighth straight year. According to ESPN, his Golden State deal is worth around $55 (€52/£41.2) million this season. On top of that, the American point guard earns $100 (€95/£79.9) million in endorsements.

1. Cristiano Ronaldo

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Cristiano Ronaldo still ranks at the top as the best-paid athlete in the world. The Al-Nassr star earns a jaw-dropping $215 (€206/£171.9) million salary, alongside $45 (€43.1/£35.9) in endorsements from Armani, Herbalife, TAG Heuer, and Clear Shampoo.

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