This file photo dated on April 21, 2021 shows the logo of Italian Serie A football club Juventus at the Juventus stadium in Turin. (PHOTO / AFP)

ROME - The Exor holding company that owns Juventus has no plans to put the Serie A club up for sale, a spokesman said on Monday, denying a report in newspaper Il Giornale.

The Italian daily reported the potential plan on Monday, without citing sources.

The spokesman said in a statement that the report was "groundless."

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Exor, which is controlled by the Agnelli family and listed in the Netherlands, considers Juventus's recent financial results "no longer sustainable" and has been embarrassed by its judicial problems, according to the newspaper.

Exor believes that after operations to clean up the accounts of Italy's most historically successful team it can put it on sale for at least 1.5 billion euros ($1.61 billion), Il Giornale added.

Juventus was banned from UEFA competition for this season after finishing seventh in Serie A last term due to a 10-points deduction for alleged false accounting practices.

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Speculation has arisen in the past about the possibility of Exor selling Juventus, and in May a company spokesman told Reuters its commitment to the club "remains unchanged."