FCA Italy extends sponsorship agreement with Juventus Football Club SpA

Lyna Mohamad

FCA Italy, a wholly owned subsidiary of Fiat Chrysler Automobiles NV (NYSE: FCAU / MTA: FCA), announced the extension of its Sponsorship Agreement with Juventus Football Club SpA.

This was shared by local authorised Jeep distributor GHK Motors (Jeep Brunei) in a press release yesterday which stated that the extension has been agreed until June 2024.

The agreement contemplates a yearly base sponsorship fee of EUR45 million subject to certain variable components depending on sporting results.

The renewal confirms the positive, long lasting cooperation between FCA Italy and Juventus.