Exor chief John Elkann reassures investors that Juventus ‘does not need fresh capital’ and coach Max Allegri is safe in his role.

Elkann is one of the heirs to the Agnelli family fortune and the CEO of Juve’s parent company Exor.

Following the mass resignation of the entire Board of Directors due to an investigation into potential financial irregularities, some are asking whether Juventus have balanced the books.

There had even been suggestions in the media that Elkann wanted to sell Juventus and get out of the football business, despite his family running the Old Lady since 1923.

“Juventus does not need fresh capital,” Elkann said during the annual Investor and Analyst Call.

“We are in a situation where there is a clear direction going forward, as we already announced yesterday. A new Board of Directors will be appointed in January and the President will be Gianluca Ferrero, who will know how to approach various issues.

“The club will also have a very capable director general in the areas where Juventus are present. We have a great, experienced coach like Max Allegri.

“Football is a sector of great value and we think with the ingredients that Juventus have, this can be an even more valuable club than it already is today.”

At the same time, this afternoon Juventus released a formal statement insisting they have done nothing wrong and “that the accounting treatment adopted falls within those allowed by applicable accounting principles.”

They are on fairly strong ground when it comes to the inflated capital gains, because it has already been shown in a previous investigation that it is practically impossible to prove how much a player is worth, other than the transfer fee two clubs agree on.

The issue they might have more difficulty with is the reported payment of salaries under the table, after announcing the players had agreed to forego four months of wages.

5 thought on “Elkann: ‘Juventus does not need fresh capital’”
  1. Capital is the least of their concerns. With their parent company they will be bailed out if needed. What is needed are fresh ideas. With PhD Max you ain’t gonna get nothing new apart from new geometrical shapes. The hexagon has been tried. Now it is time for Octagon.

  2. Literally Nobody:

    Lord Allegri: Let’s talk about something totally unrelated because I have this weird obsession with Allegri that I want everyone to know about because I think I’m smart and that people actually care about whatever nonsense I have to say even though I’ve said it for the one millionth time because I think I’m more important than I actually am I wonder why I like to keep posting rubbish in the comments section because maybe this is what happens when you have a combination of being having an over-inflated sense of self importance and a weird target for my own sense of failure and underachievement since he is greatly disliked but is somehow successful and getting paid while I am also greatly disliked but still can’t seem to make myself useful or get paid and also I couldn’t care less what other people think because there is no way I could be wrong and I also want to continue to be an absolute piece of garbage and waste of space

  3. 😂 😂 😂

    You have to hand it to the Lord. He is a master at triggering. For someone to write that love story tells you who is really insecure.

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