Juventus President Andrea Agnelli mentioned the Tremendous League mission was made with an ‘purpose of guaranteeing stability’ for the trade and claimed COVID-19 ‘uncovered the structural weaknesses’ of soccer.
The Bianconeri patron shared his ideas on varied points in a letter addressed to the membership’s shareholders, printed on the membership’s official web site.
Agnelli spoke concerning the Tremendous League mission and the injury of the coronavirus pandemic, learn the complete letter under.
“Expensive Shareholders,” the letter mentioned. “Our success over the previous ten years has been accompanied by extraordinary progress for the membership by way of income, international model recognition, infrastructure (the Stadium and Village), sports activities planning (Juventus Ladies and the U23s) and the scale of our organisation.
“I’ve little doubt that Juventus now has the best traits to deal with the challenges of the longer term. Nevertheless, it is just proper that we underline the truth that – simply on the time once we had been rising the quickest, with the membership having made important monetary assets accessible – the world of soccer, and Juventus particularly, skilled the heaviest of blows within the form of the COVID-19 pandemic. The injury attributable to this occasion has been large. Whole income streams had been worn out in a single day, with prices remaining unchanged. Estimates place the general liquidity shortfall for the entire trade at €8.5 billion.
“Stadiums standing empty for practically two years offered a stark bodily illustration of what had occurred, and their reopening shouldn’t distract us from the restrictions that the pandemic has uncovered, revealing structural weaknesses on the coronary heart of the sport.
“Over the previous 20 years, soccer had turn out to be accustomed to double-digit development and appeared resistant to the opposite crises that affected the economic system and society throughout that interval. As such, an exaggerated sense of confidence developed, resulting in an overconfident strategy to danger. The disaster additionally put a cease to the fixed development within the general worth of switch funds, which dropped by 50% in 2021 in comparison with 2019. These had turn out to be a big aspect within the enterprise fashions of many golf equipment, by way of mitigating sporting danger, which fits hand in hand with financial and monetary danger in our sector.
“Nevertheless, the general instability and – due to this fact – weak spot of the soccer trade can’t, and should not, be attributed solely to the pandemic.
— JuventusFC (@juventusfcen) September 27, 2021
“The massive soccer establishments, which as soon as fulfilled the function of impartial third events and guarantors working to make sure the proper software of the foundations, have step by step supplemented their place as regulators with that of organisers, brokers, distributors of soccer as a product and at last recipients and distributors of income.
“In an effort to run a membership in a wholesome and credible method, you can not base your strategy on an out of date structural system, on the danger of bringing concerning the generalised downsizing of your entire sector – the worst attainable state of affairs for soccer, the preferred sport on the earth.
“For years, the dialog has been about Era Z – its values and its wants. The post-COVID-19 world belongs to this technology, which encompasses folks between the ages of 12 and 21. Soccer should proceed to play a central function of their free time, inside their mixture of pursuits. The alternatives provided by the digital revolution can definitely assist to convey these younger folks nearer to our sport. Seen inside this context, the controversy round and criticism of the notion of accessing dwell matches from completely different gadgets to the normal tv are anachronistic and can be left prior to now. Within the digitalised world, customers have unbelievable energy of alternative. This can’t be ignored. Customers will make selections based mostly on their preferences and the values that they determine with.
“This isn’t the best discussion board to rehash the explanations for the delivery of the Tremendous League, however it’s an applicable alternative to tell you that this new competitors, which goals to supply the world the very best soccer spectacle ever seen, has three important values embedded into his rules, with the purpose of guaranteeing stability for the soccer trade:
“(i) a brand new shared framework to regulate prices and contribute to making sure balanced competitiveness inside the varied competitions, opposite to what has been recommended in varied settings, together with some that maintain important authority;
“(ii) sturdy commitments to solidarity and mutuality;
“(iii) a central concentrate on the performances of golf equipment in European competitions and the way they contribute to creating expertise as core parts in a brand new idea of sporting meritocracy (one thing that can’t solely be based mostly on home efficiency, with geopolitical and industrial concerns that ought to be saved separate to the essence of the game itself).
“Briefly, this can be a new meritocratic paradigm and a return to the basics of value management and transparency, with three classes of stakeholders on the coronary heart of the mission:
“(i) the followers, who dictate demand for the product;
“(ii) the gamers, who’re the celebs of the present – in each membership and worldwide competitions;
“(iii) the traders, who tackle your entire enterprise danger for the soccer trade.
“It’s a new paradigm which soccer can now not afford to miss, and on whose foundation political dialogue should resume.
“Nothing might be taken with no consideration. And all the pieces might be improved and rethought. As Edoardo Agnelli mentioned, virtually one century in the past: ‘We should attempt to do effectively, however keep in mind that a factor carried out effectively can all the time be carried out higher’.
“Soccer is the preferred sport on the earth. Juventus, like many different golf equipment, have been part of this nice spectacle for years. It’s the accountability of anybody who represents the membership to ensure the utmost professionalism, effort and integrity so as to be sure that Juventus stays trustworthy to its historical past.
“Juventus will proceed to be part of it. The help of my household – stretching again virtually a century now – is tangible proof of this and represents the absolute best assure that the membership will proceed to play a key function on the prime of world soccer, sharing the identical ardour felt by tons of of hundreds of thousands of followers all around the world.
“Fino alla advantageous, Andrea Agnelli.”