Juventus share price rockets as Andrea Angelli’s Super League begins to impact club finances
- UEFA Europa League
- Hits: 11
What has Andrea Agnelli done?
The news breaking last night of a European Super League being constructed was much down to the part of Andrea Agnelli.
The former President of the European Club Association stepped down from the position after it was revealed Juventus, the club for which he is chairman of, was one of the founding members of the league. He has become one of the vice presidents of the ESL.
His stepping down also saw Juventus and the other 11 clubs resign from the ECA and all UEFA committees and panels.
PSG President Nasser Al-Khelaifi has become the executive boss.
Dans la nuit, les 12 grands clubs de la Superleague ont annoncé leur démission de l’ECA ( asso des clubs européens). Ils ont aussi démissionné de toutes les commissions et panels UEFA. Agnelli ayant quitté la direction de l’ECA, Nasser Al Khelaifi en devient le boss exécutif.
— Mohamed Bouhafsi (@mohamedbouhafsi) April 19, 2021
So far, PSG have supposedly not backed plans of the Super League, however, it is unknown whether that stance could soon change.
Juventus share price rockets
It is unsurprising to see that the share price of Juventus has shot up overnight.
Increasing by 6.79%. This being the initial signs of the huge growth coming to those involved in the Super League’s creation and why seemingly no reluctance from any was made to join from those who were aware.
— Bryan Swanson (@skysports_bryan) April 19, 2021
The irony of Agnelli’s resignation from the ECA position was that he abandoned a role which was designed to defend the interests of the 246 clubs which were part of it.
His stepping down and Juventus’ departure along with the other clubs, in itself, signifies that fighting for the interests of all clubs is not on the agenda.
This is despite the statement from the Founding Clubs stating that this would benefit the whole footballing pyramid.
‘The Founding Clubs believe the solutions proposed following these talks do not solve fundamental issues, including the need to provide higher- quality matches and additional financial resources for the overall football pyramid.’
A tough sale so far.