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EURO

Buffon blew €20 million in bid to save Italian jobs

Italy's World Cup-winning goalkeeper, Gianluigi Buffon, reportedly lost €20 million after investing in an Italian textileS company in order to save its workers from losing their jobs.

Buffon blew €20 million in bid to save Italian jobs
Juventus and Italy 'keeper Gianluigi Buffon reportedly sank €20 million of his own money into an Italian textiles company to save its workers from losing their jobs. Photo: Christina Quicler/AFP

The 37-year-old Juventus star first invested in the home textiles company, Zucchi, in 2009 – taking a two percent stake in the historic brand.

Buffon stated that his intention was to “relaunch the company and with it a piece of the Italian economy,” La Stampa reported.

But the veteran goalkeeper's investment soon found itself in trouble.

In 2011 the company's profits drastically fell. But rather than sell his small stake in the stricken company, he reportedly invested over €20 million of his own money in a series of capital investments in order to try to prevent the company's 1000 workers from losing their jobs.

In doing so Buffon's stake in Zucchi slowly increased from two percent to 11, then to 19 and finally by 2014, he owned 56.3 percent. But the company was still facing failure with debts of over €85 million.

The Italy star's investment may have been an economic disaster but it did manage to keep the wolf from the door for long enough.

In October the company was sold to French creditors Astrance Capital, with Buffon's safe hands retaining a 15 percent minority stake.

According to sports website Sportstardom, Buffon was the 13th richest footballer in 2015 and has an estimated net worth of €66 million.
 

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FOOTBALL

‘I’m fine — under the circumstances’: Collapsed Danish striker tweets from hospital

Christian Eriksen, the Danish football player who collapsed on the pitch in his country's opening Euro 2020 game, said that he was doing "fine" in an Instagram post from hospital on Tuesday.

'I’m fine — under the circumstances': Collapsed Danish striker tweets from hospital
Danish striker Christian Eriksen tweeted a picture of himself in hospital. Photo: DBU

“I’m fine — under the circumstances, I still have to go through some examinations at the hospital, but I feel okay,” he wrote in a post accompanying a photo of him smiling and giving a thumbs-up while lying in bed.

In a scene that shocked the sporting world and beyond, the 29-year-old Inter Milan midfielder suddenly collapsed on the field in the 43rd minute of Denmark’s Group B game on Saturday against Finland in Copenhagen.

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Medical personnel administered CPR as he lay motionless on the field for about 15 minutes before being carried off the pitch and rushed to hospital. He was later confirmed to have suffered cardiac arrest.

“Big thanks for your sweet and amazing greetings and messages from all around the world. It means a lot to me and my family,” he wrote in Tuesday’s post. “Now, I will cheer on the boys on the Denmark team in the next matches. Play for all of Denmark.”

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