Exor denies plan to sell Juventus

Exor, the Agnelli family holding company, on Monday denied a report in daily newspaper Il Giornale that it is gearing up to sell off Serie A soccer giants Juventus.

It said there was “no basis” to the report.

The report said Exor, which owns 63.8% of Juve, was looking to “re-balance and clean” the club and then put it on the market.

It said the club’s debts amounted to more than its stock-market value of 800 million euros and annual revenues were under 600 million.

Juve’s share price rose 1.84% and Exor’s gained 0.15% after the statement was released denying the report. (ANSA).

Source: Ansa News Agency (ANA)