Juventus held a presser today to unveil their next front office. Federico Cherubini is now the football director to replace his previous boss Fabio Paratici. Former Ferrari team principal and board member Maurizio Arrivabene will have the role of CEO of the football area. The Bianconeri also started a massive €400M capital increase that will be finalized in September to make up for the pandemic-related losses.
President Andrea Agnelli kicked things off: “It was a necessary move. UEFA estimated that clubs need in total €8.5B in liquidity. 120 of them risk being insolvent soon. Roma and Atletico Madrid have done the same thing; others restructured their debts. Ownerships is one of our strong suits.”
“Arrivabene is a well-known figure. We are proud of Cherubini because he is the first official fully formed by Juventus. He has taken care of several projects, like the U-23 team. He is fully qualified to take on a more comprehensive role. Pavel Nedved will stay as vice-president. I believe this is the best team we could assemble.”
Cherubini addressed the elephant in the room: “We have received no signal from Cristiano Ronaldo about leaving the club. We do not want to sell him. He will be back with the squad after resting; then, I can not predict the future.”
“We might not do anything in the transfer market. We will evaluate those coming back from loans. The roster is competitive, and we invested a lot in the last two years. We might seize some opportunities to improve, but Juventus will not be very active overall.”
Arrivabene added: “This new position is a challenge, and I like that. I have been a Juventus fan for my entire life; this is like a mix of what everybody hopes to find throughout the course of his career.”