Juventus goes up on the stock market at the prospect of the return of Series A

The shares of Juventus in Turin rose 11.7% this Monday on the Milan Stock Exchange after negotiations started for an eventual return of Series A behind closed doors, in a market of general declines due to the health crisis caused by the new coronavirus.

Juventus was one of the first major European clubs to reach an agreement with its players, including the Portuguese star Cristiano Ronaldo, for a reduction in the salaries of footballers as a result of the suspension of the Italian championship due to the COVID-19 pandemic. .

Series A has been stopped since March 9 in Italy, a country in which more than 24,000 people have died from this disease, which motivated the Italian government to impose harsh confinement measures, extended to at least May 3.

Last Friday, the Italian Federation (FIGC) insisted on a resumption of the tournament “in late May or early June”, insisting on the large amount of money at stake, while UEFA President Aleksander Ceferin estimated this Monday that the European championships may be resumed without an audience in the stadiums.

“I think there are options that can allow us to restart the championships and complete them,” the Slovenian leader told the Italian daily Corriere della Sera.

“It is too early to say that we cannot complete the season. The impact could be terrible for clubs and leagues. Better to play behind closed doors than not to do it,” he added.