Andrea Agnelli Seeks Liquidity, Demands €5.7M Repayment from Family Firm
Former Juventus President Asks for Personal Loan Return Amidst Financial Strain
Former Juventus president Andrea Agnelli is reportedly facing financial pressures, leading him to request the repayment of a significant personal loan from a family-held company. The move highlights potential liquidity challenges for the prominent businessman.
Urgent Financial Request
Agnelli, who holds a majority stake of 54.31% in Holding Newco Roveri, has formally requested the return of €5.7 million. This sum represents an unsecured loan he provided to the company years ago.
“Gentili Signori – In this case, reference is made to the Financing Infrutifico members I have carried out in favor of the Company, regularly accounted for in the financial statements of the company itself, for a total amount equal to €5,700,000. In particular, I formally communicate my request to return the amount indicated above, by 31 December 2025 according to the methods and times to be agreed between the parties.”
—Andrea Agnelli, Shareholder
The letter, penned by Agnelli himself, indicates a willingness to explore various options to recover the funds, even suggesting the possibility of exchanging his shares for cash. This unprecedented request underscores Agnelli‘s urgent need for liquidity.
Family and Business Entanglements
The shareholders of Newco Roveri include close family members such as his mother Allegra Caracciolo and sister Anna Agnelli, each holding 0.20% of the company. His cousin Andrea Nasi owns 5.22%, while his ex-wife Emma Winter holds 0.20%. Also listed are Maria Elena Rayneri (0.40%), wife of former Juventus CEO Antonio Giraudo, and Roberto Ginatta (0.90%), who has faced bankruptcy proceedings.
Company’s Dire Financial State
The company’s financial health appears precarious, with its latest budget revealing revenues of only €26 and losses amounting to €7,064. This stark financial picture complicates Agnelli‘s request.
Board’s Cautious Response
Francesco Roncaglio, the president of Newco Roveri’s Board of Directors and a close associate of Agnelli, has yet to facilitate the requested transfer. Roncaglio acknowledged Agnelli‘s support but highlighted the company’s gradual move towards financial equilibrium and completion of strategic investments as precursors to addressing the loan repayment.
“for the availability and patience shown, underlining the continuous and precious support for the company during all these years for the company, having achieved a situation of financial balance and having completed the strategic investments of medium-long term, the time has come to deal with the issue of the return of the shareholders’ funding.”
—Francesco Roncaglio, President of the Board of Directors of Newco Roveri
Wider Agnelli Family Dynamics
This situation unfolds against a backdrop of complex family history, including disputes over inheritance, legal challenges, and accusations of financial impropriety. Agnelli‘s personal financial situation has reportedly been impacted by substantial legal fees and potential damages claims related to Juventus’ financial reporting, a stark contrast to his past lucrative role at the club, which paid approximately €500,000 annually plus bonuses. In 2023, Agnelli sold a 2.95% stake in Giovanni Agnelli BV to John Elkann for €300 million.
Meanwhile, John Elkann has successfully navigated a significant financial maneuver, reportedly generating over €4 billion from the sale of Iveco. This contrast in financial fortunes within the extended family highlights the diverging paths they are currently taking.
The current financial entanglements and requests for capital underscore a period of significant personal and financial transition for Andrea Agnelli, marking a shift from his prominent leadership roles in the football world.