Andrea "Il Bruco Brutto" Agnelli (70 Viewers)
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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.
The executives were left between a rock and a hard place in recent days. The club needed to approve their balance sheets, and with the Turin Public Prosecutor’s Office keeping a close eye on things, they had to make a tough choice.
Making changes to the balance sheets would’ve seemed like an admission of guilt, but not changing anything could’ve appeared as a reiteration of the alleged crime. Faced with this crossroads, Agnelli and the board decided to resign on mass.
After the resignations, the Turin Public Prosecutor’s Office dropped their appeal against the refusal to place Agnelli and the board under house arrest, something they had requested a few weeks ago.
The Bianconeri have been accused of secretly paying players wages in the early stages of the COVID pandemic and investigations into their financial documents also revealed around €34m in undeclared debts.
Whilst Juventus have been cleared of falsifying capital gains in the sporting case, the criminal investigation is still ongoing.
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.
The executives were left between a rock and a hard place in recent days. The club needed to approve their balance sheets, and with the Turin Public Prosecutor’s Office keeping a close eye on things, they had to make a tough choice.
Making changes to the balance sheets would’ve seemed like an admission of guilt, but not changing anything could’ve appeared as a reiteration of the alleged crime. Faced with this crossroads, Agnelli and the board decided to resign on mass.
After the resignations, the Turin Public Prosecutor’s Office dropped their appeal against the refusal to place Agnelli and the board under house arrest, something they had requested a few weeks ago.
The Bianconeri have been accused of secretly paying players wages in the early stages of the COVID pandemic and investigations into their financial documents also revealed around €34m in undeclared debts.
Whilst Juventus have been cleared of falsifying capital gains in the sporting case, the criminal investigation is still ongoing.
34m? 
btw i don't know exactly. thing is that a few years ago the club almost ended up with a negative owners capital, and iirc it's not permitted in the league. it's possible that it was necessary to keep our license. i'm just speculating, don't quote me on this.
also i have no idea where that 210m came from. this looks like it is based on actual documents of the procedure. for example that 7m we're supposed to owe to atalanta was specifically mentioned by cherubini during his testimony.
leaders, exactly. but imagine any foreign ownership pulling every string to get a new stadium done, it's simply not happening. imagine any ownership spending 700m in the span of 3 years on capital increase, it's simply not happening.
"I think some just want the owners, Marotta, and Allegri to stay on forever" - nah, far from the truth. a few months ago you'd have included agnelli in the same sentence... also, marotta is not here anymore and allegri is a dead man walking. people come and go. i have zero moggi nostalgia, i'd take back that same status in an instant though. point is that the club should remain. and juve always was an agnelli owned club as far as i remember. i'd prefer it to stay the same way. fuck oil money.
btw i don't know exactly. thing is that a few years ago the club almost ended up with a negative owners capital, and iirc it's not permitted in the league. it's possible that it was necessary to keep our license. i'm just speculating, don't quote me on this.
also i have no idea where that 210m came from. this looks like it is based on actual documents of the procedure. for example that 7m we're supposed to owe to atalanta was specifically mentioned by cherubini during his testimony.
leaders, exactly. but imagine any foreign ownership pulling every string to get a new stadium done, it's simply not happening. imagine any ownership spending 700m in the span of 3 years on capital increase, it's simply not happening.
"I think some just want the owners, Marotta, and Allegri to stay on forever" - nah, far from the truth. a few months ago you'd have included agnelli in the same sentence... also, marotta is not here anymore and allegri is a dead man walking. people come and go. i have zero moggi nostalgia, i'd take back that same status in an instant though. point is that the club should remain. and juve always was an agnelli owned club as far as i remember. i'd prefer it to stay the same way. fuck oil money.
34m?
btw i don't know exactly. thing is that a few years ago the club almost ended up with a negative owners capital, and iirc it's not permitted in the league. it's possible that it was necessary to keep our license. i'm just speculating, don't quote me on this.
also i have no idea where that 210m came from. this looks like it is based on actual documents of the procedure. for example that 7m we're supposed to owe to atalanta was specifically mentioned by cherubini during his testimony.
leaders, exactly. but imagine any foreign ownership pulling every string to get a new stadium done, it's simply not happening. imagine any ownership spending 700m in the span of 3 years on capital increase, it's simply not happening.
"I think some just want the owners, Marotta, and Allegri to stay on forever" - nah, far from the truth. a few months ago you'd have included agnelli in the same sentence... also, marotta is not here anymore and allegri is a dead man walking. people come and go. i have zero moggi nostalgia, i'd take back that same status in an instant though. point is that the club should remain. and juve always was an agnelli owned club as far as i remember. i'd prefer it to stay the same way. fuck oil money.
btw i don't know exactly. thing is that a few years ago the club almost ended up with a negative owners capital, and iirc it's not permitted in the league. it's possible that it was necessary to keep our license. i'm just speculating, don't quote me on this.
also i have no idea where that 210m came from. this looks like it is based on actual documents of the procedure. for example that 7m we're supposed to owe to atalanta was specifically mentioned by cherubini during his testimony.
leaders, exactly. but imagine any foreign ownership pulling every string to get a new stadium done, it's simply not happening. imagine any ownership spending 700m in the span of 3 years on capital increase, it's simply not happening.
"I think some just want the owners, Marotta, and Allegri to stay on forever" - nah, far from the truth. a few months ago you'd have included agnelli in the same sentence... also, marotta is not here anymore and allegri is a dead man walking. people come and go. i have zero moggi nostalgia, i'd take back that same status in an instant though. point is that the club should remain. and juve always was an agnelli owned club as far as i remember. i'd prefer it to stay the same way. fuck oil money.
according to the calcioefinanza article it includes 19m owed to ronaldo, 7m owed to atalanta, they don't specify the rest. proofs might include cherubini's testimony, wiretaps and tici's notes
as for atalanta, they bought demiral and romero, we bought kulu from them. https://www.calcioefinanza.it/2022/11/08/juventus-libro-nero-paratici/ - an other proof that atalanta owned paratici's sorry ass on all occasions here, and that tici was a mess as a director
as for atalanta, they bought demiral and romero, we bought kulu from them. https://www.calcioefinanza.it/2022/11/08/juventus-libro-nero-paratici/ - an other proof that atalanta owned paratici's sorry ass on all occasions here, and that tici was a mess as a director
The owners are likely to stay on for a long time. It would be like selling Fiat, that's not an overnight decision. We're not like football clubs in the past in the sense that we had private owners who see their club as their toy. We are pretty much owned by a family, yes, but a family that owns several other businesses too and I guess they intend to run Juventus like the business asset it is to them.
As for Del Piero, any role he could be given is void and meaningless imo. But if he wants to dress up and look nice in the stadium, he can do just that.
As for Del Piero, any role he could be given is void and meaningless imo. But if he wants to dress up and look nice in the stadium, he can do just that.
