Board & Management (72 Viewers)

Hist

Founder of Hism
Jan 18, 2009
10,931
Yeah, we wanted to report lower net loss in P&L statement.

About players valutations, it cant be proven in court. There is no accounting principle that would regulate for how much (maximum amount) a company is allowed to sell its assets.
So if Juve and Barca decided to exchange teenagers and list the buying and selling price as 10 billion per player, we can with no repercussions? Why isn't everyone doing this then?
 

Vlad

In Allegri We Trust
May 23, 2011
21,414
So if Juve and Barca decided to exchange teenagers and list the buying and selling price as 10 billion per player, we can with no repercussions? Why isn't everyone doing this then?
They can in theory but they would get destroyed by huge costs of depreciation in years to come. We are in this situation where we accumulate losses, partly due to this practice.
 

Hist

Founder of Hism
Jan 18, 2009
10,931
Because the balance sheet becomes a mess and players become unsellable like we’ve learned
I think we may be confusing "Transfermrkt.com is not a great measure of player valuations and shouldnt be the sole grounds for a serious case" with "everything flies".
 

Vlad

In Allegri We Trust
May 23, 2011
21,414
I think we may be confusing "Transfermrkt.com is not a great measure of player valuations and shouldnt be the sole grounds for a serious case" with "everything flies".
If you can find anywhere in IFRS where this is forbidden, point to it.
 

Vlad

In Allegri We Trust
May 23, 2011
21,414
Elkan is the president of Exor, his part of the family owns more shares than Andrea's of the company that controlls Juve. He could have replaced him whenever he wanted. This talk about inside job made no sense in 2006, even less now.
 

DeviAngel

Senior Member
Oct 3, 2014
2,917
The only thing that we can get fucked for is the salaries nothing else. There's no one on earth who can tell how much a player is worth to a certain club and judge you on that. EPL clubs should be closed with red tape if that’s true.

For example Rugani for us would be worth 2mil but for Cesena 10m etc... its how much the player is worth to the club, how much the club sees him worth, competition etc etc etc...

If we have bidding war for a player what happens? Like judge Inter for selling Lukaku 120 mil? :lol:

Ceferin ate a lot of shit for Juve and Agnelli he even threatened us publically plus City and PSG and Barcelona aren't helping UEFA at all. This is just a 'procedure' which must be done.

I think Agnelli will get banned from ever managing a sport related company along with some of the board + Jail time for him ans lord almighty Paratici. We will pay a financial penalty or be monitored closely for a period and that Elkann will be forced to invest to cover losses.
 

Hist

Founder of Hism
Jan 18, 2009
10,931
If you can find anywhere in IFRS where this is forbidden, point to it.
I am not a legal expert I just find it unlikely that anything flies the way you're asserting with confidence. There would be no investigation into it at all if there was zero laws or regulations about it.

Its one thing to say the prosecutor failed to prove intent of fraud in that specific case. Its another thing to say there are no laws or regulations about this at all and anything flies.
 

Vlad

In Allegri We Trust
May 23, 2011
21,414
I am not a legal expert I just find it unlikely that anything flies the way you're asserting with confidence. There would be no investigation into it at all if there was zero laws or regulations about it.

Its one thing to say the prosecutor failed to prove intent of fraud in that specific case. Its another thing to say there are no laws or regulations about this at all and anything flies.
Because there isnt. They put the club on trial this spring along with dozen other clubs and all were acquitted because exactly like I said. No law on this.
 

Gep

The Guv'nor
Jun 12, 2005
16,402
If you read that guys tweets it’s full of failed predictions and nonsense speculation. This crap about Elkann wanting AA to fail and wanting to tear the club down while being jealous of AA… then Jeff Bezos is buying us… what a ridiculous nonsensical delusional troll he is.
I know :lol:
 

Hist

Founder of Hism
Jan 18, 2009
10,931
Because there isnt. They put the club on trial this spring along with dozen other clubs and all were acquitted because exactly like I said. No law on this.
So just to be crystal clear. You are absolutely confident that there are no rules regulating Appraisal Fraud of football players, even though players are a key asset and clubs can be publicly traded on the stock exchange. You're saying there is no law to comply to. Rather than the trial failed to provide evidence of appraisal fraud yes?

So nothing like this https://www.investopedia.com/terms/a/appraisalfraud.asp

Why was there a trial in the first place if there are no laws?
 

Vlad

In Allegri We Trust
May 23, 2011
21,414
So just to be crystal clear. You are absolutely confident that there are no rules regulating Appraisal Fraud of football players, even though players are a key asset and clubs can be publicly traded on the stock exchange. You're saying there is no law to comply to. Rather than the trial failed to provide evidence of appraisal fraud yes?

So nothing like this https://www.investopedia.com/terms/a/appraisalfraud.asp

Why was there a trial in the first place if there are no laws?
Accountants need to respect IFRS. Thats just opinion piece you posted. Nowhere in the IFRS is a limit as to how much you can put a price on your asset when selling. In your books it is valued at cost of purchase plus auxiliary expenses. Companies will avoid making these kind of deals because it drives away investors since your business is volatile as it has a big repercussion on P&L statement. The fact that we were trialed and acquitted should be evidence enough for you.
 
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lgorTudor

Senior Member
Jan 15, 2015
32,721
So if Juve and Barca decided to exchange teenagers and list the buying and selling price as 10 billion per player, we can with no repercussions? Why isn't everyone doing this then?
JJ is a public company

I imagine they can't do shit like this for the same reason as Apple can't sell a MacBook to Tim Cook's mom for 100 billions if quarterly numbers looks bad. And then his mom sells her coffee machine back to Apple for 100 billion and Tim Cook claims it's for the cafeteria

It's fraud

(NFA not financial advice cc @Cerval )
 
Jun 16, 2020
8,468
I’m not sure what to expect. Other cases were City who lied about their income and they actually bought way better players which truly gave them a sportive advantage. It was about 64m annual income and eventually they escaped a ban.

Barca signed underaged players, and really a lot of them while it was forbidden of them and they’re in debt more than a billion. They got transfer banned I thought

Then there’s Milan who were honest and simply didn’t play EL for another extra year I remember.

Chelsea had a ban partly because of third party influence

With us there’s apparently a X amount of money paid under the table while proving the actual worth of a player will be very hard. In comparison to other teams it’s a different case but it doesn’t sound more shocking. Maybe it was really Agnelli’s time, after all we made a huge financial loss, a crippled squad broken by injuries, and he’s been hiring and firing a bunch of people every year.
 

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