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    JUVE   IT0000336518

JUVENTUS FOOTBALL CLUB S.P.A.

(JUVE)
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Soccer-Breakaway Super League cannot go ahead, says Agnelli

04/21/2021 | 05:11am EDT

MILAN, April 21 (Reuters) - Breakaway European Super League founder and Juventus chairman Andrea Agnelli called time on the project on Wednesday after six English clubs withdrew and he blamed the involvement of politicians for the league's downfall.

Twelve of Europe's leading soccer clubs from England, Italy and Spain announced a breakaway league on Sunday but after 48 hours of intense criticism from fans and politicians the six English clubs backed out on Tuesday.

Asked whether the project could still happen following the departures, Agnelli told Reuters: "To be frank and honest no, evidently that is not the case."

Agnelli said he remained convinced that European football needed change and he had no regrets about the way the breakaway attempt was made.

"I remain convinced of the beauty of that project," said Agnelli, stating it would have created the best competition in the world. "But admittedly ... I mean, I don't think that that project is now still up and running."

Agnelli said other clubs were ready to join the new European league before the English sides left.

"I'm not going to say how many clubs contacted me in just 24 hours asking if they could join," he said, declining to name them. "Maybe they lied, but I was contacted by a number of teams asking what they could do to join."

Agnelli said he felt the British government's intervention, with Prime Minister Boris Johnson threatening legislation to stop the breakaway, had pushed the English clubs to withdraw.

"I have had speculation to that extent that if six teams would have broken away and would have threatened the EPL (Premier League), politics would have seen that as an attack to Brexit and their political scheme," he said.

Asked if he regretted the way the breakaway was conducted - which was heavily criticised by his former ally UEFA President Aleksander Ceferin - Agnelli referred to the nature of the football business.

"If you tell me other methods for putting together such projects ... if you were to ask the authorisation of others, I don't think you would have carried out a project like this.

"The relations are there, I have seen relations changing in time, some people I am quite sure that people will be open and talk to each other," he said.

"I don't think our industry is a particularly sincere, trustworthy or reliable one in general." (Reporting by Simon Evans and Elvira Pollina; Editing by David Clarke)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EPL LIMITED -2.10% 244.35 End-of-day quote.-3.02%
EURO / BRITISH POUND (EUR/GBP) -0.03% 0.85185 Delayed Quote.-4.53%
EXOR N.V. 1.19% 71.42 Delayed Quote.7.85%
JUVENTUS FOOTBALL CLUB S.P.A. -1.07% 0.7395 Delayed Quote.-9.22%
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Financials
Sales 2021 454 M 537 M 537 M
Net income 2021 -198 M -234 M -234 M
Net Debt 2021 431 M 510 M 510 M
P/E ratio 2021 -4,93x
Yield 2021 -
Capitalization 984 M 1 164 M 1 164 M
EV / Sales 2021 3,12x
EV / Sales 2022 2,54x
Nbr of Employees 915
Free-Float 36,2%
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Juventus Football Club S.p.A. Technical Analysis Chart | JUVE | IT0000336518 | MarketScreener
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Number of Analysts 2
Last Close Price 0,74 €
Average target price 0,93 €
Spread / Average Target 25,1%
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Managers and Directors
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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