Juventus don’t need fresh capital John Elkann, the boss of Exor, the club’s parent company, has assured investors.
The Bianconeri have been embroiled in some financial trouble after their former president and board of directors resigned over the ongoing account falsification case.
The Bianconeri reportedly underestimated their losses by hiding some of their financial transactions with clubs and players, most notably Cristiano Ronaldo.
This could mean that the club has financial problems and needs a new injection of capital because of it.
However, Elkann insists that this is not the case. He said via Football Italia:
“Juventus does not need fresh capital.
“We are in a situation where there is a clear direction forward, as we already announced yesterday. A new Board of Directors will be appointed in January and the President will be Gianluca Ferrero, who will know how to address various issues.
“The club will also have a very capable general manager in the areas where Juventus is present. We have a great experienced coach like Max Allegri.”
Juve FC says
We are still one of the biggest clubs in the world and we certainly have quality players to help us compete.
The capital injection could help us hire new men and meet other financial needs, but Elkann won’t say we don’t need one if we do.
We are confident that the club’s accounts are healthy and will continue to do well as we start to win games and move towards winning the league title.
