Time for reflections at Juve’s home on and off the pitch. Allegri’s team struggles and comes from bitter disappointments, but the club is also going through a difficult time. Today is scheduled for board of directors which will have to approve the balance sheet for the 2021/2022 season. A complicated balance sheet for the bianconeri which will be closed with a red of over 240 million euros.
SITUATION – This is a situation that Juve are trying to keep under control. And in fact a cost containment process has been underway for some time. The half-year report, approved on February 24, had reported a red of 132 million euros. In the first half of 2021/22 a “significant improvement” in the Group’s performance was assumed, starting from the financial year 2022/2023. And, if the 2020/21 budget had closed with a loss of 209.9 million euros, the previous one recorded a -89.7.
STRATEGY – The club’s accounts will be the first item on the Board’s agenda. The goal is to reduce losses by 50% in the 2022-23 financial year. A task to be carried out while also keeping an eye on the pitch and the need to reinforce a team that is in crisis and could even miss the qualification for next year’s Champions League.
SAVINGS – To contain the losses it will be necessary make further cuts. Therefore, those onerous contracts that, in the face of the few sporting results, slow down the accounts of Juve will be at the expense. There are many important players (and related contracts) who could leave Continassa next season. First of all Adrien Rabiota who receives a salary of 7 million and has an agreement expiring in 2023. Similar situation for Alessio Sandroincreasingly on the sidelines of the Juventus project, and whose 6 million annual contract will expire as early as next June. Also Square (5 million a year for him) is the focus of reflections, as well as Kean which receives 2.5 million annually and has a redemption obligation of 28 million upon reaching certain goals this season. On the other hand, the contracts of Bonucci (6.5 million) and Rugani (3.5) in a defense that will need more than a tweak.
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