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Auditor signals reservations over amended Juventus loss

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MILAN : Independent audit firm Deloitte said amended accounts filed by Juventus provided an accurate overview of the Serie A soccer club's financial position but took issue with the size of the losses recorded in the past two seasons.The finances of the most successful club in Italian soccer history are under scrutiny by prosecutors in Italy as well as stock market and sporting authorities over alleged irregularities in player trading and salary payments.

Turin-based Juventus, which is owned by the holding company of the Agnelli family, has denied any wrongdoing and vowed to defend its interests with sporting and legal bodies.Following a dramatic mass resignation of its board last week, Juventus published restated financial statements late on Friday evening.Under the new draft budget signed off last week, Juventus trimmed its 2021-2022 financial loss to 239 million euros ($251 million) from 254 million euros it reported initially.

It raised its 2020-2021 loss to 226 million euros from 210 million euros previously stated.In its audit report prepared ahead of a Juventus shareholder meeting on Dec.

27, Deloitte said the new consolidated financial statement provided a "true and fair view" of the club financial position as of June 30, 2022.

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