Tuesday, October 26, 2021

Juventus claims massive financial losses but backs the Super League

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Most, if not all, football fans probably assumed that the controversial European Super League announced earlier this year had disappeared before it actually started after the founding members Manchester City, Chelsea, Arsenal, AC Milan, Atlético de Madrid. , Inter Milan, Liverpool, Manchester United and Tottenham Hotspur all abandoned the project.

The giants of Italian Serie A, Juventus, still say otherwise.

According to Andrew Cesare Richardson from ESPN, Juventus declared through a statement released on Friday that it lost 209.9 million euros ($ 246.2 million) due to the hardships caused by the COVID-19 pandemic, and also that the Super League that still includes Juventus, Real Madrid and Barcelona are still in force.

“On April 19, 2021, Juventus, together with 11 other major European clubs, announced the creation of the Superliga, a new European football competition, an alternative to UEFA, but not to national league and cup competitions”, reads part of the Juve statement.

“The competition would be organized and managed by the ESLC (European Super League Company SL), of which each founding club is a partner and shareholder with the same participation and rights, so that the Super League is the exclusive property of the clubs and not of third parties. parties, thus creating an overlap between those who bear business risk and those who manage television and radio rights related to sports competitions.

“To this day, it is not possible to predict with certainty the outcome and future development of the Superliga project, whose legitimacy Juventus continues to trust.”

Juventus, Real Madrid and Barcelona were threatened with expulsion from UEFA competitions like the Champions League unless they also left the separatist league, but all three were eventually admitted to Europe’s top-tier club competition. All six Premier League clubs agreed to fines for their participation in the failed plan.

With massive entities like Juventus, Real Madrid and Barcelona still supporting this idea, everyone should realize that it is only a matter of time before some kind of “Super League” resurfaces.

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