Uncertainty Over Libya’s Juventus Stake

There was an article about Libya’s investment in Juventus in Bloomberg today.  A good summary for those unfamiliar with the topic:

Libyan leader Muammar Qaddafi’s Libyan Arab Foreign Investment Company SA, or Lafico, is the second-largest shareholder in the record 27-time Italian champion, with a holding worth 12.8 million euros ($17.5 million) at the current share price. The stake has been reported in regulatory filings.

Company official Khaled Zentuti is a member of Juventus’s board, which next meets Feb. 28 to discuss half-year earnings, although the team doesn’t know if he’ll attend.

“I suppose Lafico has many other problems regarding internal governance,” Marco Re, a spokesman on the club’s corporate affairs, said in a telephone interview today. “I have no idea what they’re going to do with regards Juventus.”

Read the whole thing here Bloomberg News.

Uncertainty Over Libya’s Juventus Stake

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