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Juventus could be relegated to Serie B and stripped of their most recently Scudetto if they are found guilty of false accounting.
The Old Lady's offices in Turin and Milan were raided last week, with invoices and financial statements seized.
The investigation from Italian authorities is related a total of 42 transfers, including Cristiano Ronaldo, Joao Cancelo, Arthur Melo and Danilo, between 2019 and 2021.
It's alleged Juve inflated their players' values on their accounts and the likes of Andrea Agnelli, Pavel Nedved and Fabio Paratici, now at Spurs, are cooperating with the investigation.
It's a serious matter and CODACONS, the Italian association for consumer rights, reckon an automatic demotion to the Italian second tier could be on the cards should a guilty verdict arrive.
Juve also won Serie A in the 2019/20 season under Maurizio Sarri and would likely be stripped of the title.
"The accusatory system is very serious and throws a sinister light on the last football championships, also because there has been a real Juventus dominance in recent years, which ended in the past year," president Marco Donzelli said, as per Football Italia.
“If Juventus were to have illegitimately gained an advantage over rival clubs with operations of this type, then the regularity of the last football championships would fail and, as a consequence, the Federation and the Authority for market competition will have to intervene and sanction those responsible.
“Beyond individual responsibilities, the club will not be exempt from punishment.
or this reason and to protect thousands of fans, we will present a complaint to the Antitrust and the Federal Prosecutor’s "Office asking for the relegation to Serie B for Juventus and the revocation of the last league titles won in the shadow of these potentially illegal operations.”
Juventus were relegated to Serie B in 2006 due to their involvement in the Calciopoli match-fixing scandal.
They were also stripped of their 2004/05 title and began the 2006/07 Serie B season on a nine-point deficit but returned to the top flight at the first time of asking.
On Saturday, Juve issued a statement on the situation and stressed the club are confident they have acted accordingly.
The statement read: "As necessary, Juventus is collaborating with the investigators and with Consob and is confident that it will clarify every aspect of interest to them, believing that it has operated in compliance with the laws and regulations governing the preparation of financial reports, in compliance with accounting principles and in in line with international football industry practice and market conditions."
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