Andrea Agnelli speaks to the shareholders on the current financial situation, the team, Super League, and much more.
Being respectful towards the Shareholders is a hallmark of this company. Today, we will approve the financial statements as of 30 June 2021 and we will elect the new Board of Directors. It is right to tell you what Juventus have done and what Juventus will do.
First of all it is important to have a picture of the global economic situation of football. The forecasts spoke of enormous growth, detached from the global situation. At the same time, we have witnessed great inflation of the players' market.
All this leads to a reflection: they were investments with expectations of subsequent returns. In this context, it is correct to analyze what Juventus have done in recent years.
In the 2014-2018 cycle, our turnover was constantly above 400 million. For this reason, it was time to invest, to think big. Then Covid struck, which hit everyone, and the world came to a standstill.
In my youth, the word "quarantine" did not exist. The world has changed in our habits, we have vaccinated ourselves, because I believe it is the right thing to do, for us and for the most fragile of people.
The world of football faced a situation never seen before, with constant swap tests, "bubbles", and it was an unreal period, which then led to a series of crises, especially economically.
One of the main changes in the world of football was the total downsizing of the transfer market for players.
If we return to normal, we will be able to have a real balance of the effects of Covid at the end of the current season.
The expansion plan proposed in 2019 was credible then and it is today - it has what it takes to restart, thanks to the capital increase that we are submitting to your attention today.
The main theme is and will be credibility, which must be expressed from various points of view. First of all financial, then certainly management, ESG and sustainability, and political.
I find it incredible that any attempt to reform the football industry is always set aside because the interlocutors and the players are heterogeneous. Current governance does not allow anyone to take leadership.
I worked loyally to change a system that does not protect investors and does not respect sporting meritocracy. Just think that many champion teams of their nations do not participate in the Champions League.
The birth of the Super League was the realization, not by 3 but by 12 clubs, of the fact that the structure on which football rests refuses any change, in order to maintain a political class that does not risk, does not compete, but who wants to decide & collect.
I don't want to give up and I won't give up: the system needs a change and Juventus wants to be part of it - it's a change that requires dialogue from everyone.
The fifth declination of our credibility must obviously be sporting. For example, we are beginning to see the fruits of our projects such as the Under 23; the Women, who are managed in an impeccable way, and who have so far achieved extraordinary results.
The results of the men's First Team were incredible but no one expects gratitude and satisfaction, because we are Juventus. I think it's important to have confidence in the management and in the technical leadership of the team.
We have to work as a single body, knowing that the team and the group come first. We are all useful, no one is indispensable.
Having had the best player in the world, Cristiano, was an honour and a pleasure. The only regret is having had him for a year and a half without an audience at the Stadium. But it's the Juventus shirt that requires responsibility, not teammates or workmates.
Juventus are bigger than anyone who has had the honour of crossing their path from 1897 to today; we must remember the values of Juventus and Turin: work, sacrifice, and discipline, which is what inspires all those who work here.
As Oriana Fallaci said, you have to love, fight, suffer and win. And this must inspire us: we must love Juventus, fight for it, be ready to suffer, and always have the objective to win.