Juve, Agnelli letter to shareholders: “We are working for new winning chapters”

“The path of economic recovery has already been undertaken by the company, but it is a very challenging step-by-step path”

Letter from Andrea Agnelli, Juventus president, to the shareholders in anticipation of the meeting to be held on 28 October. Recalling that Juve “has never stopped and, with the stable support for almost a century of a major shareholder and its hundreds of millions of fans around the world, intends to write new winning chapters of its history“, he writes:” After the unimaginable storm of Covid – over 7 billion cumulative losses in the sector between 2019 and 2021 – the 2021/2022 budget should be the last year in which we record direct impacts due to the pandemic (just remember, for example, that last year we had a stadium utilization rate of less than 70%). It was therefore necessary to provide the company with a new roadmap, approved by the Board of Directors in June of this year, in order to guarantee Juventus development while maintaining the reference to sports performance “.



“The path of economic recovery has therefore already been undertaken by the company, but it is a very challenging journey in stages, which appears at the end of the three seasons marked by the pandemic and passes through painful moments – continues Agnelli – From an economic and financial point of view, the 2021 budget. / 2022, with a loss in the income statement of 254 million euros, is certainly the most bitter moment “.

“Juventus has therefore developed, as soon as the external context has allowed it, a new three-year plan (2022-25) in the awareness that the three-year period just ended does not represent the end of an expansive path, frustrated by the pandemic. it is the starting point of a new journey made above all of football, innovation and responsibility towards the new needs that society requires “, he underlines.

“The criticisms and disappointments, which are on the agenda in football, are useful for growth, they must not be neglected and they will not be”, he writes again, underlining: “The path of credibility, which I have just outlined for you, will be challenging but will bring tangible results on and off the pitch. Juventus has never stopped and, with the stable support for almost a century of a key shareholder and its hundreds of millions of fans around the world, intends to write new winning chapters of its own history”.



Source-www.adnkronos.com