Richard Whittall:

The Globalist's Top Ten Books in 2016: The Turbulent World of Middle East Soccer

Middle East Eye: "

The Turbulent World of Middle East Soccer is one of the weightiest, most revelatory, original and important books written about sport"

“The Turbulent World of Middle East Soccer has helped me immensely with great information and perspective.”

Bob Bradley, former US and Egyptian national coach: "James Dorsey’s The Turbulent World of Middle Eastern Soccer (has) become a reference point for those seeking the latest information as well as looking at the broader picture."
Alon Raab in The International Journal of the History of Sport: “Dorsey’s blog is a goldmine of information.”
Play the Game: "Your expertise is clearly superior when it comes to Middle Eastern soccer."
Andrew Das, The New York Times soccer blog Goal: "No one is better at this kind of work than James Dorsey"
David Zirin, Sports Illustrated: "Essential Reading"
Change FIFA: "A fantastic new blog'

Richard Whitall of A More Splendid Life:
"James combines his intimate knowledge of the region with a great passion for soccer"

Christopher Ahl, Play the Game: "An excellent Middle East Football blog"
James Corbett, Inside World Football

Sunday, March 13, 2011

Juventus Freezes Libyan Stake in Effort to Alleviate Embarrassment

Italian soccer club Juventus SC has frozen Libya’s 7.5 per cent stake in the club following the European Union’s sanctions on Libya’s sovereign wealth fund and its subsidiaries.

Italy’s largest bank, Unicredit SpA, owner of AC Roma, has also frozen the stake of its Libyan shareholder on instructions of the Italian Ministry of Economy and Finance.

“The club accepts the move from the Ministry of Economics and Finance,” Juventus said in a statement.

The ministry order to freeze the stake in Juventus of the Libyan Arab Foreign Investment Company (Lafico), a subsidiary of Libya’s $70 billion sovereign wealth fund, the Libyan Investment Authority (LIA), goes some way to alleviate the club’s embarrassment over its long-standing relationship with Libyan dictator Col. Moammar Gadaffi and his sons.

Gadaffi and his sons have become international pariahs because of their brutal employment of the Libyan air force and heavy army weaponry to crush mass anti-government protests demanding an end to their 41-year dictatorial rule.

Juventus officials said they legally were prevented from freezing their Libyan stake as long as their shareholder was not included in EU or Italian sanctions. The EU earlier this week expanded its sanctions on Libya to include the LIA and its subsidiaries.

Italy has been slow to impose sanctions because of its extensive oil and commercial ties to Libya. Italy has been a major Libyan investment target with stakes in energy, finance, defense, aerospace and car manufacturing.

Juventus’ embarrassment is compounded by the fact that its association with the Gadaffis contrasts starkly with its insistence that it seeks to reconcile the "professional and business side of football with its ethical and social role".

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