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    JUVE   IT0000336518

JUVENTUS FOOTBALL CLUB S.P.A.

(JUVE)
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Juventus Football Club S p A : Agnelli says Super League was 'a desperate cry of alarm'

06/04/2021 | 10:14am EDT

TURIN, Italy (AP) — Attempting to establish a European Super League was “not a coup” but rather “a desperate cry of alarm for a system that, knowingly or not, is heading towards insolvency,” Juventus president Andrea Agnelli said Friday.

Along with Real Madrid and Barcelona, Juventus is one of the few remaining holdouts refusing to renounce the Super League among the 12 founding members of the failed project.

UEFA has opened disciplinary proceedings against the three holdouts and Italian officials have said that Juventus risks being excluded from Serie A if it doesn’t renounce the breakaway league.

Agnelli lost more than most in the Super League fiasco, having resigned as chairman of the European Club Association and thus automatically also having to vacate his seat on the UEFA executive committee.

“For years I have tried to change European competitions from the inside, because the signs of crisis were evident even before the pandemic,” Agnelli said at a news conference called to bid goodbye to departing Juventus sports director Fabio Paratici.

Agnelli had been a close confidante of UEFA president Aleksander Čeferin, who then referred to him as “a snake” for turning on European soccer’s governing body.

“The agreement between the founders was conditional on UEFA’s prior recognition of the competition," Agnelli said. "The response was deafening, with offensive terms and arrogant methods, and then it turned to three clubs.

“It is not with this type of behavior that football is reformed in the face of this crisis,” Agnelli added. “Fortunately, I know that not everyone in UEFA feels the same way. The desire for dialogue, however, remains unchanged. ... Other sports have faced changes of this type, and almost all stakeholders agree that the model needs to be changed.”

The Super League project was publicly launched late at night on April 18 and imploded within 48 hours amid the backlash and threats of legislation by the British government.

The nine other clubs involved settled with UEFA: AC Milan, Inter Milan, Atlético Madrid, Arsenal, Liverpool, Manchester United Tottenham, Chelsea and Manchester City.

Those clubs agreed to UEFA’s terms to forfeit 5% of their prize money from European competitions in the 2022-23 season and pay a combined 15 million euros ($18.4 million) as a “gesture of goodwill” to benefit children, youth and grassroots soccer.

“Juventus, Barcelona and Real Madrid," Agnelli said, "are determined to achieve a complete reform of the competitions, and above all, in the interest of the clubs that show us fear for this situation.”

___

More AP soccer: https://apnews.com/hub/Soccer and https://twitter.com/AP_Sports

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2021 454 M 539 M 539 M
Net income 2021 -198 M -235 M -235 M
Net Debt 2021 431 M 512 M 512 M
P/E ratio 2021 -4,89x
Yield 2021 -
Capitalization 976 M 1 158 M 1 159 M
EV / Sales 2021 3,10x
EV / Sales 2022 2,53x
Nbr of Employees 915
Free-Float 36,2%
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Last Close Price 0,73 €
Average target price 0,93 €
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Stefano Cerrato Chief Financial Officer
Andrea Agnelli Chairman
Claudio Leonardi Head-Information Technology & Logistics
Alberto Mignone Head-Administration
Paolo Garimberti Independent Director
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