Juventus, economical statements with a reduction of somewhere around 250 million in 2021-22

Here is the estimate right after the publication of the 50 %-12 months report of the father or mother corporation Exor. The Juventus board will approve the accounting doc amongst 16 and 23 September

Soon after the 210 million dropped in 2020-21, a different finances in deep red for Juventus: the 2021-22 financial yr shut with a deficit of about 250 million. This is an estimate, the end result of the algebraic sum concerning the 50 percent-yearly report as at 31 December 2021 revealed at the time by the Juventus club (-119 million) and the 50 %-calendar year report of the father or mother corporation Exor as at 30 June 2022 introduced currently by the board chaired by John Elkann (-132 ). The details is not official: it will be the Juventus board of administrators, in the conference scheduled between 16 and 23 September, to launch the accounting document relating to very last year which have to be accepted by the shareholders’ assembly at the end of Oct. Slight deviations cannot be ruled out, but the extent of the decline will be verified.

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Covid and new prepare

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Fifth finances in a row in red for the corporation chaired by Andrea Agnelli: right after the trio of profits among 2014 and 2017, the -19 million of 2017-18, the -40 of 2018-19, the -90 of 2019- arrived 20, the -210 of 2020-21 and the large deficit of 2021-22. The pandemic emergency ongoing to be felt even in the last period, aggravating an accounting imbalance already conditioned by the bills of past a long time. Even with the departure of Cristiano Ronaldo (with consequent cost price savings of approximately 87 million) and the partial restoration of the stadium takings, the 2021-22 finances recorded a final result not not like the 2020-21. This is due to the fact the optimistic changes ended up sterilized by the accounting classifications operated in the Covid period: in 2020-21 the Television legal rights have been “inflated” simply because they contained a share of the 2019-20 season and personnel bills benefited from the renegotiations of salaries, which did not was recurring in 2021-22. The 400 million cash maximize, concluded in December 2021, experienced by now shielded Juventus from financial turmoil by strengthening the money composition and decreasing the financial debt. And for some time now the enterprise has begun a new study course, centered on the reduction of sporting activities expending and the adoption of sustainable investments: the initial noticeable consequences will emerge from the 2022-23 spending budget.

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