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Thursday, June 1, 2017

Juventus stadium finally given name after 6 years

Six years after its inauguration, Champions League finalists Juventus ’s home stadium in Turin has finally been given a name : the Allianz Stadium.

As of July 1 , the German insurance firm’s name — which already adorns a number of other sports stadiums, including Bayern Munich’s Allianz Arena, Nice ’s Allianz Riviera , and the Allianz Park in London of rugby club Saracens — will be emblazoned on a ground until now simply known as the Juventus Stadium.

Specialist Italian media company Calcio e Finanza (football and finance) said Allianz will pay three million euros a year until 2023 .

However, Juve will see none of that money having sold the naming rights to the 41 , 000 -seater stadium to Sportfive agency back in 2011 for 75 million euros over 12 years .

This deal will allow Sportfive to finally recover 18 million euros of that outlay.

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