Menu

Juventus puts Gianluca Ferrero forward as the club's new president....Lionel Messi partners with logistics service provider J&T Express....Ferrari F1 team principal Mattia Binotto will resign at the end of the year

Juventus weighs board replacements as shares fall

The departure of Juventus President and Chair Andrea Agnelli from the club is being seen as a "serious blow to attempts to revive the European Super League." Agnelli and the entire Juventus board of directors resigned after an investigation by Turin prosecutors into alleged false accounting. The timing of Agnelli’s resignation will dismay his allies at Real Madrid and Barcelona, who had joined Juventus in a legal challenge against UEFA to try to force through a breakaway competition with a European Court of Justice (ECJ) judgement due on December 15. In his departing message to Juventus’s employees, Agnelli said the resignations were necessary because “unity has been lost” (LONDON TIMES, 11/29). 

However, it didn’t take an awful lot of time for the owners to appoint a new chairman of the board, suggesting that the change was "already pre-designed." Exor (the holding company that owns the majority of the club’s shares) has announced the appointment of accountant Gianluca Ferrero as the new Juventus president, while the rest of the vacant posts on the board will soon be filled (GAZZETTA DELLO SPORT, 11/29).

Meanwhile, Juventus shares fell 6 per cent in early trading on Tuesday in Milan before recovering some losses. The stock is down by more than 40 per cent in the past year. U.K. fund manager Lindsell Train is the biggest shareholder apart from majority-owner Exor (FINANCIAL TIMES, 11/29).

Messi joins J&T Express as global ambassador

Lionel Messi has partnered with J&T Express to become the logistics service provider’s first ever global brand ambassador. Under the agreement, the Argentina and Paris Saint-Germain player will launch a series of social media and marketing campaigns with J&T Express, promoting the Indonesia-based company as a leading logistics provider and ecommerce specialist. Messi will promote greater awareness of J&T Express, not only as a prominent logistics provider, but also as a one-stop e-commerce specialist across each and every touchpoint in the supply chain. The past few years have seen J&T Express expand rapidly. Since 2015, the company has brought its business to 13 countries in regions including Southeast Asia, the Middle East, and South America. Most recently, the firm bought up $136M worth of land in Malaysia to build a logistics center (J&T Express).

Ferrari F1 team principal Mattia Binotto resigns

Ferrari Formula 1 team principal Mattia Binotto will leave the squad at the end of the year, after resigning from his position. Following weeks of speculation about his future, Ferrari issued a statement on Tuesday "confirming that it had accepted Binotto's decision to leave." The team said Binotto would stay on board until December 31, and it hoped to have a replacement for him finalized in the new year. Binotto said that he regretted having to leave the team, but "felt that it was the best thing for the Maranello outfit" (MOTORSPORT, 11/29).

In losing Binotto, Ferrari is instantly without a team boss who had perhaps the "most in-depth comprehension amongst his peers of car/engine design and performance parameters, as well as a direct understanding of the challenges and compromises of making a race-winning package." Binotto's imminent departure will leave Ferrari without that detailed insight "at perhaps the most critical moment of the year as it pulls its new car together" (MOTORSPORT, 11/29).

Tokyo Olympics ad agency HQ under investigation

Japanese prosecutors and a fair trade watchdog on Monday searched offices including the headquarters of major advertising agency Hakuhodo Inc. on suspicion of "rigging bids for contracts related to test events for last year's Tokyo Olympics," just days after raiding another ad giant over the case. The latest searches, also covering Tokyu Agency Inc. and two event production companies, were conducted as investigations related to the Tokyo Olympics and Paralympics have expanded from a scandal involving the alleged receipt by a former games organizing committee executive, Haruyuki Takahashi, of 200M yen ($1.4M) in bribes from five companies.

On Friday, the prosecutors and the Japan Fair Trade Commission raided Japan's top advertising agency Dentsu Inc., and premises linked to a former senior official of the Tokyo Olympic organizing committee and event production company Cerespo Co., after the country's third largest advertising agency, ADK Holdings Inc., reported to the watchdog that it had participated in bid rigging. The search of Hakuhodo, which ranks second after Dentsu, means Japan's top three advertising agencies are now subject to investigation (KYODO, 11/28).

DAZN, Irdeto to fight sports streaming piracy

DAZN has teamed up with Irdeto to address the "misuse of premium content and fight video piracy in sports streaming." The existing partnership has been extended to include Irdeto Anti-Piracy services, enabling DAZN to strengthen its efforts in "keeping its premium content safe from illegal streaming and sharing." Simultaneously, Irdeto has become DAZN’s primary multi-DRM provider. DAZN notes that its significant growth has been driven by geographical expansion and live sports rights over the past few years, making fighting piracy a top business priority. If unchecked, piracy results in sports "losing vital funding globally throughout the value chain, from the world’s top leagues to grassroots clubs, negatively impacting the entire industry" (BROADBAND TV NEWS, 11/28).

Short Takes

Laola1 has acquired exclusive free-to-air rights in Austria to the National Hockey League to broadcast games live for the '22-23 season (LAOLA1).

Ten/Paramount, Nine and Foxtel have each made bids to broadcast "all the content being offered by Cricket Australia," including Tests, international white-ball games and a Big Bash League "modeled on a 61-game season." Seven has put in a bid "to retain its coverage of Test cricket" (SYDNEY MORNING HERALD, 11/29).

League Championship side Wigan Kolo Touré has been appointed as the new manager of the club succeeding Leam Richardson. Touré has signed a three-and-a-half-year contract after leaving his coaching role at Leicester (London GUARDIAN, 11/29).

What They're Saying

"In the unique position I have, as a sports minister, I feel I have to represent everybody and to say to FIFA to please have a look at these issues" -- U.K. Sports Minister Stuart Andrew, on his decision to wear a OneLove armband during the England-Wales match (BBC, 11/29).

Twitter Me This ...

;