Juventus announce a loss of €209.9m for 2020-21 and insist the Super League project is ‘legitimate.’

The club’s board has approved the draft financial statement for 2020-21, which will be submitted for approval to the Shareholders’ Meeting called for October 29.

“The Board of Directors approved the consolidated financial statements for the financial year ended June 30, 2021, which show a loss of € 209.9 million that will be covered by the share premium reserve,” Juventus’ official statement reads.

In their draft financial statement, the Serie A giants list the most significant events and the financial highlights from the last season.

“The transactions finalised in 2020/2021 Transfer Campaign, which was held from September 1 to October 5, 2020, and from January 4 to February 1, 2021, led to a total increase in invested capital of € 120.6 million resulting from acquisitions and increases for € 121.6 million and disposals for € 1.0 million (net book value of disposed rights),” the club revealed.

“Net expenses deriving from temporary transfers came to € 9.4 million. The net capital gains generated by the disposals came to € 30.5 million. The total net financial commitment of € 88.7 million is spread over four years, and includes auxiliary expenses as well as financial income and expenses implicit in deferred receipts and payments.”

Juventus also mention the Super League project, which was launched by the Old Lady and 11 elite European clubs in April.

However, it collapsed within 48 hours, first with Premier League clubs and then with Inter, Milan and Atletico Madrid withdrawing from the competition.

As of today, Juventus, Real Madrid and Barcelona are the only clubs not to have withdrawn from the competition and are also out from ECA.

“On April 19, 2021, Juventus announced the execution of an agreement with other 11 top European clubs for the creation of the Super League, a new European football competition, alternative to the UEFA competitions but not to national leagues and cups,” the statement read.

“The competition would be organised and managed by the ESLC (European Super League Company S.L.), of which each Founding Club is a shareholder with the same stake and rights, so that the whole Super League project is owned exclusively by the clubs and not by third parties, thus creating an overlap between those bearing the business risk and those managing the television and radio rights related to the sporting competitions.

“As at today, it is not possible to predict with certainty the outcome and future development of the Super League project, of the legitimacy of which Juventus remains confident.”

This past August, Juventus’ board approved a capital increase of up to €400m and the club have now released an update about the matter.

“Following the meeting of the Board of Directors held on August 25, 2021, which approved the proposed Capital increase against payment up to a maximum amount of € 400 million, including any share premium, and the call of the Shareholders’ Meeting, it should be noted that the Board of Directors approved also the report on the Capital Increase pursuant to Art. 125-ter of Italian Legislative Decree No. 58/1998, which will be made available to the public within the terms of the law and regulations at the Company’s registered office, on the Company’s website (www.juventus.com) and at the authorised storage mechanism www.1info.it.”

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These clubs are hemorrhaging money thanks to wages and signings which are at all time high. COVID-19 complicated the very fragile economic stability.

Super league is bound to happen whether the fans want it or not. Football is a very expensive business to run and current owners want to run it as profits oriented venture.

These clubs need all the money they can make and super league is just one of them.

The smaller clubs don't care because they reap off the big clubs by the sales of players with extremely high profit margins. Meanwhile they don't have much wage bills

result of the cr7 effect...when dt deal was made, experienced ex professionals like cassano, luca toni n even Napoli owner de laurentiis warned juve dt it was a big gamble dt doesn't worthed dt risk bt dey all called him a pained hater
I remembered laurentiis words were " almost a 100m n mking him d highest paid for a 34 year old dt av passed his peak is madness, i know perez too well n if cr7 really worth dt amount, he would ask for a billion, I know its pure business for Juve but it is a bad gamble bcoz its better u invest such cash all over ur squad but I would use it to shoot an expensive movie n pay cr7 to feature, in dt way I can make alot of profit dt juve won't get till he leaves..

Juve had a very poor risk assessment on ronaldo. ManUtd has one of the biggest market in world football and could take almost any risk with little impact, unlike Juve who could barely recover from bad investment. Ronaldo was a bad investment.

unbitchable:
Juve had a very poor risk assessment on ronaldo. ManUtd has one of the biggest market in world football and could take almost any risk with little impact, unlike Juve who could barely recover from bad investment. Ronaldo was a bad investment.

ur head correct...same risks do favors rich clubs like PSG n city...juve flopped n they would try n get over from dis debt
jus like barca is trying to do by selling leo..