UK Markets closed
  • NIKKEI 225

    27,402.05
    +55.17 (+0.20%)
     
  • HANG SENG

    21,958.36
    -113.82 (-0.52%)
     
  • CRUDE OIL

    76.00
    -0.41 (-0.54%)
     
  • GOLD FUTURES

    1,927.10
    -15.70 (-0.81%)
     
  • DOW

    34,053.94
    -39.02 (-0.11%)
     
  • BTC-GBP

    19,264.13
    -233.98 (-1.20%)
     
  • CMC Crypto 200

    541.21
    -4.11 (-0.75%)
     
  • Nasdaq

    12,200.82
    +384.50 (+3.25%)
     
  • ^FTAS

    4,302.89
    +50.04 (+1.18%)
     

Juventus has no requirement of additional capital, says Exor's Elkann

Italian tyremaker Pirelli celebrates 150th anniversary

MILAN (Reuters) - Serie A soccer club Juventus does not need a fresh capital injection, the chief executive of controlling shareholder Exor said on Wednesday.

Exor on Tuesday proposed accountant Gianluca Ferrero as the new chairman of Juventus, marking the end of the long reign of Andrea Agnelli as the Italian soccer club tries to get to grips with its financial and legal troubles.

"Juventus has no requirement of capital," Exor CEO John Elkann told analysts and investors at a business presentation of the holding company of Italy's Agnelli family.

"Football is a very valuable sector, the ingredients that Juventus has and the leadership ahead are going to make the differences," Elkann said, adding Exor was very encouraged by the future of the club.

(Reporting by Giulio Piovaccari; Editing by Keith Weir)