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| August 28, 2002 | Wednesday | Jamadi-us-Saani 18,1423 |
Gaddafi’s son to sit on Juventus board
MILAN, Aug 27: The son of Libyan leader Muammar Gaddafi will sit on the board of Italian champions Juventus after the acquisition of a stake in the club by the North African country.
Al-Saadi Gaddafi — a soccer-playing Juventus supporter who is trying to foster the game in Libya — “will join the board. The appointment will be confirmed at the next shareholders meeting,” a Juventus spokesman told Reuters on Tuesday.
Libya’s foreign investment corporation Lafico owns 7.5 percent of the club after buying up shares since Juventus was floated on the stock market late last year.
Italian newspaper MF reported Tuesday that Lafico might have been acquiring more Juventus shares recently, possibly explaining a rise in the stock price.—Reuters
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