Juventus released a statement on the reports of a €2m damages payment to Nike over a third star on the jersey post-Calciopoli.
The reports in several Italian papers today claimed Juve were ordered to pay €2m damages to Nike, their former kit sponsors, due to an incident in 2012.
Juventus released a statement on the reports of a €2m damages payment to Nike over a third star on the jersey post-Calciopoli.
The reports in several Italian papers today claimed Juve were ordered to pay €2m damages to Nike, their former kit sponsors, due to an incident in 2012.
It was suggested the Bianconeri went ahead against Nike’s wishes and released official merchandise with three stars – representing 30 Scudetti – when two had been revoked in the Calciopoli scandal.
“In relation to news published unlawfully today about the arbitration dispute between Nike and Juventus, since in breach of the confidentiality expected from arbitration governed by the "Uncitral" rules, the club states that:
“The amount it will have to pay is far below two million euros.
“This amount has no relation to the "30 sul campo” initiative, which indeed has produced commercial benefits for Nike as acknowledged by the arbitration panel.
“Juventus reserves every right and action, including the appeal of the arbitration decision.”