Juventus
    Juventus
      24.10.2019 17:00 - in: Events S

      The press conference after the Shareholders' Meeting

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      Here are the statements of Andrea Agnelli, Pavel Nedved, Fabio Paratici, Marco Re and Giorgio Ricci at the end of the Shareholders’ Meeting held at Allianz Stadium

      At the end of the Shareholders' Meeting, held today at the Allianz Stadium, the Chairman Andrea Agnelli, Vice President Pavel Nedved, Chief Football Officer Fabio Paratici, Chief Financial Officer Marco Re and Chief Revenue Officer Giorgio Ricci, met the journalists for a press conference.

      These are the topics that were covered and their statements.

      ANDREA AGNELLI
      THE OBJECTIVES AND THE JUVENTUS METHOD

      “The important topic for us today was the approval to proceed with the capital increase of 300 million. A capital increase aimed at maintaining sports competitiveness, strengthening the Juventus brand on international markets and economic-financial consolidation. I also want to emphasize the Juventus method, based on the three areas entrusted to Fabio Paratici, Marco Re and Giorgio Ricci, three leaders who have grown up in Juventus. And this is a great sign in terms of leadership development within the company."

      CAPITAL INCREASE, STRATEGIC CHOICE

      "From June 30, 2010, we have gone from a capitalization of 162 million to a capitalization of almost a billion and a half at June 30, 2019. So, the shareholder, including myself, as I sit on the board, was particularly pleased. The capital increase would not have been necessary, but it is a strategic choice to finance further growth. The agreed plan must lead Juventus to further enhancement, but this is part of the very essence of a listed company that is part of a group that is also listed.”

       

      THE INCREASE IN THE RIGHT TO VOTE APPROVED BY THE ASSEMBLY

      "The increased votes are an available tool and a want to reward shareholders' loyalty by increasing their voting rights.”

       

      THE INTERNATIONAL CALENDAR AND THE CLUB WORLD CUP

      "The Club World Cup, announced by FIFA for 2021, was approved in the March council in Miami six months ago. Personally, I have discussed it many times with the President Infantino: the first element for European clubs in what FIFA should work on is the international calendar. I was on the phone recently with Liverpool CEO Peter Moore: they have Salah and Mané, who would see the Africa Cup of Nations be shifted by three weeks to make room for Liverpool, who had already technically qualified. They would therefore participate in the Club World Cup, the African Cup of Nations, then they would be entitled to a few weeks of vacation and would return in mid-September. At that point, the preparation should begin, and Liverpool would see them again around 10 October. These are the consequences of introducing competitions without an overall analysis. As the European Club Association, of which Juventus is a part of, the first theme that FIFA should discuss with the various federations is the international calendar, then it will be possible to make all subsequent assessments and think about new competitions.”

       

      PAVEL NEDVED
      OTHER "RONALDO-TYPE" OPERATIONS

      “We are always ready to seize every opportunity. We want to develop on all fronts and in particular on the sporting one, which is the driving part of the company.”

      FABIO PARATICI
      THE CHANGE ON THE BENCH

      “Allegri's results were excellent, and I take this opportunity to thank him and his staff for what they gave us. Five years is a long period for football, and it was time to change in order to give new stimuli to the players, to ourselves and to the environment.”

       

      THE INCIDENCE OF FINANCIAL REVENUES

      “With regards to the football market, there are normal activities and then extraordinary operations, such as the sale of Pogba. We have always tried to keep our better players and not sell them. We have sold only two of the top players: Vidal and Pogba. A third was Bonucci, but we bought him back.”

       

      MARCO RE
      THE HYPOTHESIS OF CHAMPIONS LEAGUE RESULTS INSERTED IN THE BUDGET

      “To estimate the budget, every year we make assumptions about sporting results. We have always been conservative and have included the Last 16 as a forecast.”

      GIORGIO RICCI
      A ROUTE FOR GLOBAL DEVELOPMENT

      “For a club like ours, or as others who are perfectly aware, is that success passes through global development; there is an awareness that a path must be taken. With a part of the League, which has ambitions for global development, there is unity of views in considering the understanding of certain dynamics as development of foreign rights and the enhancement of the championship as important.”

       

      THE SPONSORSHIP OF JEEP

      “We are in the ninth year of sponsorship with Jeep and the satisfaction is maximum for both parties. An important part of the growth path was taken together, both have achieved excellent results in each other's business, and sponsorship has played an important role in their growth. The agreement, as is normal, has a deadline, we have now revised it in the values ​​and partially in some rights. There is still a part to be addressed concerning the future, for which the negotiation will be made exclusively with FCA Jeep.”

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