John Elkann reportedly pushed Andrea Agnelli to resign from Juventus due to the precarious financial situation the club are in.
Corriere della Sera details how the pair met over the weekend, where Elkann rudely confronted his cousin Agnelli and told him that the financial situation at Juventus was no longer sustainable, asking him to resign.
Juventus’ auditors, who had only been in office for around a year, sounded the alarm and made it clear that they would be in trouble should they bring their balance sheets to the Lega Serie A assembly.
Today a conference call with analysts and institutional investors of Exor will take place, and Elkann is seriously concerned about the situation at Juventus.
Despite the fact that Juventus is only worth around €700m, 2% of Exor’s net asset value of €31 billion, the club is an important part of their empire.
Elkann has been disappointed with Agnelli’s work as of late and so made it clear that changes were needed for the health of Juventus.
thr all c0rrupt