The Exor holding firm that owns Juventus has no plans to place the Serie A membership up on the market, a spokesman stated on Monday, denying a report in newspaper Il Giornale.
The spokesman stated in an announcement that the report was “groundless.”
Exor, which is managed by the Agnelli household and listed within the Netherlands, considers Juventus’s current monetary outcomes “no longer sustainable” and has been embarrassed by its judicial issues, the newspaper had stated.
ALSO READ: Southgate twice satisfied Walker to not retire from England responsibility
Exor believes that after operations to scrub up the accounts of Italy’s most traditionally profitable crew it may put it on sale for a minimum of 1.5 billion euros ($1.61 billion), Il Giornale added.
Juventus was banned from UEFA competitors for this season after ending seventh in Serie A final time period because of a 10-points deduction for alleged false accounting practices.
Speculation has arisen prior to now about the potential for Exor promoting Juventus, and in May an organization spokesman instructed Reuters its dedication to the membership “remains unchanged.”
Source: sportstar.thehindu.com