Juventus stock drops by 6% after transfer fraud probe

Rome, Nov 29 (EFE).- Juventus Football Club’s stock dropped over 6% on the Milan Stock Exchange in the wake of an alleged fraud scandal.

Italian authorities on Friday raided the club’s offices to collect documents related to accounts from the 2019-21 period amid an investigation into the club president Andrea Agnelli, vice-president Pavel Nedved and the former sporting director Fabio Paratici, among others, over allegations of accountancy fraud in player transfers.

The club’s stock value on the Milan Stock Exchange dropped by 6.08% by 2:37pm Monday before a slight recovery.

Juventus have had a relatively poor start to the season and sit in eighth place in the Serie A.

The sporting results have taken their toll on the value of Juventus stock, which has suffered an accumulated drop of 24.16% om the Milan Stock Market in the last month and 29.09% in the last six months. EFE


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