The Agnelli family and Juventus have been one for a hundred years. For this reason, the news of the possible sale of the Juventus club, even if it has already circulated other times, is sensational. It amazes the Juventus fans and the entire football world. It was relaunched in strong evidence – front page, opening headline – by the newspaper Il Giornale: “Juventus for sale. The decline of the Agnelli house. Major maneuvers underway to prepare for the club’s farewell”. Exor, the holding company of the Agnelli family which controls Juventus, immediately issued a denial: “it is a hypothesis without any foundation” explains a spokesperson. The stock of Exor, listed only in Amsterdam, closes trading at 82.1 euros (+0.50% in line with the European and American stock exchanges) while Juventus, which starts immediately on the rise after the denial, records on Piazza Affari an increase of 2.16% to 0.3218 euros. Already a few months ago in international circles there was speculation about the entry of a minority shareholder into the capital of Juventus, also raising the possibility of meetings with potential Middle Eastern and Asian investors. Even on that occasion, however, the Agnelli financial company, which holds 63.8% of the capital, denied it.
“Our commitment towards Juventus is unchanged, no meeting has taken place” explained an Exor spokesperson, adding that “any speculation to the contrary has no basis, is misleading and only aims to create uncertainty”. In these complicated months for Juventus, which has a value of just under 800 million euros, John Elkann has always been close to the team and the club, placing trusted men at the helm such as Gianluca Ferrero as president and Maurizio Scaravino as administrator delegate. An attachment also demonstrated during the open-door training session of the Juventus team, in the middle of summer, which Elkann wanted to be present. In the article, published by the Giornale – one of the two authors had written a similar article in 2006, at the height of Calciopoli – there is talk of “major maneuvers to prepare the farewell to the club”. It is highlighted that the accounting condition of Juventus with losses of 240 million, revenues of less than 600 million, debts exceeding a stock market value of 800 million, weighs on Exor in a way that is no longer sustainable. For this reason it is, writes Il Giornale, “an asset to be rebalanced, cleaned up and put on the market”. A feat defined as “not easy, but no longer impossible”. However, it is not clear why Exor, which has ample liquidity, should sell this asset, especially in the year in which the century of partnership between the family and the team is celebrated. Dino Zoff, former Juventus star, is incredulous. “I don’t think it’s possible, even if half Fiat was sold but Juve would be too much. Sorry, I’m speaking like an old man”, he comments on Radio Anch’io Sport. “I wouldn’t take the issue lightly – says Zoff who always uses the conditional – It’s almost tragic, it’s an institution of a country, it’s a life, it was Fiat; I wouldn’t find it so light”. Then Zoff declares himself a defender of tradition in football. “The world changes, everything changes but the Agnelli remain the Agnelli. It was Juventus, the Agnelli. I would be disappointed if it were to happen: I may be a dreamer but tradition is valid.”
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2023-09-11 18:21:00
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