Serie A: How much debt were the Top Clubs as of June 30, 2020? – Serie A

Calcio & Finanza has carried out a study on the indebtedness of the main Serie A clubs as of June 30, 2020.

During this analysis, only financial debts, net of payments to shareholders and related parties, as well as cash flows were taken into account.

Detail by club

In the table above are represented the Top Club of Serie A 2019/2020. They have been ranked in order of their net financial position (the balance between financial debts and available liquidity) at the balance sheet date

He called it bianconera

Juventus, in detail, present as of June 30, 2020 € 395.9 million net of debt, against 10.8 million euros liquidity. Among the 395.9 million euros, we find debts up to 134.3 million euros in the short term

Most of the club’s financial debt arises from 175 million bonds issued in February 2019 which will be repaid by February 2024. There are also bank loans up to 100.2 million euros and global advances up to 82.8 million euros, Without forgetting 24.3 million euros linked to the Allianz Stadium mortgage.

La Louve and its obligations

As of June 30, net financial debt was close to 300 million euros. This being largely due to 275 million euros in bonds which were issued in 2019 by the Giallorosso club. 261 million euros are in fact linked to these obligations, which will expire in August 2024

Inter and Suning

For Inter, it should be noted that the debt assumed on June 30, 2020 does not include loans granted by the majority shareholder of Suning. If we add the debts to Jindong Zhang’s group, the debts at June 30 would be as follows

Milanese advances

Milan’s only financial liabilities are advances for future receivables relating to contracts of a commercial nature: This liability, according to Milan’s consolidated balance sheet as at June 30, 2020, peaks at 115,17 millions euros against 94.284 million euros as of June 30, 2019.

These credits are autonomous since it is advance on credits such as TV rights, the collection of payments for players sold on the market, or amounts that the club will receive in the months to come!

This situation affects both the Rossoneri and Lazio, whose debts are practically linked to advances obtained on future credits, such as Mercato operations through TV rights.

Naples, the only exception

Napoli are the only club to show a net positive balance sheet, given that Naples has no financial debt as of June 30, 2020 and have 123.8 million euros in liquidity. Aurelio De Laurentiis, the President of Napoli likes to remind that he has no debt to banking organizations

The net wealth of clubs

In terms of consolidated equity, as of June 30, 2020, the situation was as follows, Juventus are in the lead following their increase in capital launched in early 2020.

As previously mentioned, this is a snapshot as of June 30, 2020. Indeed, compared to this period, Inter had to add additional financial debts to the tune of 75 million euros following the issuance of new shares last July.

While Roma saw their turnover stall following the conversion into capital of around 100 million loan from Friedkin.

®Antony Gilles – Internazionale.fr

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