fined the Agnelli family holding company, then-called Ifil (now known as Exor), for engaging in a complicated illegal trade in 2005. They signed contracts with Merrill Lynch which allowed Ifil "to retain its 30 per cent of Fiat in spite of banks in the same period converting billions of euros of debt owed to them by Fiat into equity in the company." According to an article in the Financial Post, Gianluigi Gabetti, Virgilio Marrone and Franzo Grande Stevens, "were suspended from holding posts in public companies for between two and six months." Gianluigi Gabetti Gianluigi Gabetti was director general of IFIL Group, the family investment company since 1971 and worked there as Gianni’s closest financial adviser for over 30 years. When Gianni died in 2003, Umberto asked the octogenarian to return as CEO of Ifil. Franzo Grande Stevens Franzo Grande Stevens (1928–), is the lawyer of the family. In 2009 he was prosecuted for market manipulation in the equity swap of Ifi-Ifil (now Exor), Agnelli's holding company and Fiat's financial company. In 2011, Stevens was influential in encouraging Exor CEO John Elkann to move Exor's headquarters from Turin to Hong Kong. Exor, the business group is expanding further into the global market and Hong Kong is one of the most important hubs of international finance and the main access route to the Asian market. Participation in business and sports Fiat Group, core business of the clan, have majority control and some participation in several Italian organizations: La Stampa, the Turin daily paper owned by the family. Corriere della Sera newspaper EXOR, the family's holding company, owns over 47% of the shares of the Economist Group. The Economist By 2013 John Elkann was on the board of The Economist’s parent company. Juventus, the most renowned Italian association football club, and one of world's most successful teams operated by the Agnellis since 1923 to 1943 and since 1947 until the date. That society between the club and the Torinese industrial dynasty is the oldest and most uninterrupted in Italian sports, making it the first professional sporting club in the country. The Agnellis have been credited for much of the team's success and, by extension, in the development of national football, due an administrative gestion model and sporting ethos called by the country's mass media since the 1930s as Stile Juventus (Juventus Style) based in patience, consistency and a kind of effective and efficient long-term strategic planning unusual for the administrative model generally used in Italy, both of which the ownership is renowned for. Juventus success in the first half of the 1930s allowed that management to influence in the management model from other Serie A clubs since the end of World War II, emerging as the reference organisational model for the sport in the Peninsula. Juventus' majority owners since the club's conversion to a public limited company in 1967, since 2011 it is presided by Andrea Agnelli, grandson of Edoardo Agnelli, the first member of the family in front of the maximum club's dirigencial charge and considered the ideologue of the Juventus Style. References Bibliography Category:Agnelli family