John Elkann on Ferrari and Juventus



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John Elkann on Ferrari and Juventus

John Elkann, president of Exor, wrote a letter to the shareholders in which he talked about many issues, such as Ferrari and F1 and Juventus. About Juventus, Elkann said: "At Juventus we have guaranteed enough time and resources to get back to the top, on and off the pitch: the greatest desire of all its passionate fans and shareholders.

On the field, the Serie A title escaped ours. men's team, but the women's team continued their national domination with the fourth consecutive Scudetto. The men still managed to win the Italian Super Cup in January before winning the Italian Cup in May.

As we have learned, when results are lacking, the change becomes necessary, which is why we have appointed a new Board of Directors and new CEOs, sporting director, coach and players. The pandemic has prevented fans from seeing their teams in action.

In 2021, Juventus saw 50 % of his matches at Allianz Stadium are played behind closed doors, while the rest have been conditioned by rules that have imposed a reduced presence, from 1000 spectators at 50% of the capacity.

The difficulties highlighted the structural weakness of football, in Italy and in Europe. Andrea Agnelli, the president of Juventus, supported the reasons for a structural and governance reform of the sector, with the aim of making it more fair and sustainable for all those who love this sport."

About Ferrari he said: "With five podium results and third place in the Constructors' championship. The Formula 1 season has produced some encouraging signs. But now the company is focused on the 2022 challenge, aware that with Charles Leclerc and Carlos Sainz the Scuderia owns the best pair of drivers on the starting grid, who started the season well.

Ferrari's GT season was the best in its history, thanks to the World Drivers and Constructors titles in the WEC and the victory at the 24 Hours of Le Mans. In 2021 some encouraging signs from Ferrari, now the F1 2022 challenge.

And in GT it was the best season ever, pending the Le Mans 2023 program. I also announced the eagerly awaited return to the WEC major class in 2023 with its Le Mans Hypercar (LMH) program, and has won a new audience of enthusiasts with the Ferrari Esports Series, which saw the participation of 35,000 people in all of Europe.

In 2021 Ferrari, our most valuable company, closed a record year, with net revenues of 4.3 billion euros (+ 23.4%) and a record Ebitda of 1.5 billion euros. Ferrari sold 11,155 cars in 2021 and continues to offer extraordinary models positioned at the top of the luxury sector.

During the year, Ferrari enriched its product range with the launch of the 812 Competizione, with its revolutionary aerodynamics; the exciting 296 Gtb, which is equipped with the latest hybrid engine and the fascinating Ferrari Daytona SP3, the latest model of the Icon limited series. Finally, the company reopened its Cavallino restaurant in Maranello, keeping its historic charm intact."