The Exor holding company that owns Juventus is considering putting the Serie A club up for sale, according to a report in Italian daily Il Giornale.
According to a Reuters, Exor, which is controlled by the Agnelli family and listed in the Netherlands, considers Juventus’s recent financial results “no longer sustainable” and has been embarrassed by its judicial problems, the newspaper said.
Exor believes that after operations to clean up the accounts of Italy’s most historically successful team, it can put it on sale for at least 1.5 billion euros ($1.61 billion).
Juventus was banned from UEFA competition for this season after finishing seventh in Serie A last term due to a 10-point deduction for alleged false accounting practices.
Speculation has arisen in the past about the possibility of Exor selling Juventus, and in May a company spokesman told Reuters its commitment to the club “remains unchanged.”
However, the latest report suggests that Exor is now more seriously considering a sale, as it looks to cut its losses on the club.
