Juventus should close the 2020/21 financial statement with a red of over 190 million euros. This is what emerges from the half-year report of Exor – the holding of the Agnelli-Elkann family that controls 63.8% of the Juventus club -, which communicated the data for the period January-June 2021.

From the Exor documents it is clear that the Juventus club closed the second semester (the first for Exor, but the second for the company given that the club’s financial statement runs from 1 July 2020 to 30 June 2021) with losses of 77 million euro, to which the red of 113.7 million in the previous six months must be added.

It would be, in total, a red of 190.7 million euros. Data inevitably influenced by the effects of the Coronavirus emergency, which led to the closure of the stadiums throughout 2020/21, and by the path in the Champions League, where Juventus stopped in the round of 16.

If the losses were confirmed, it would be a red more than doubled compared to the 2019/20 financial year, when Juventus closed at -89.7 million euros. For the club it would be the fourth consecutive financial statement in the red after the profit of 42.6 million in 2016/17 and that of 4.1 million in 2015/16.

It must be said that to have the confirmation we will have to wait until next week, when the club will officially communicate the data of the 2020/21 financial statement. For example, in the 2019/20 season the draft of financial statement was rewritten to incorporate the effects of Gonzalo Higuain’s contract devaluation. One of these extraordinary items could concern the Cristiano Ronaldo transaction, where the Juventus club recorded a negative economic impact of 14 million euros.

In conclusion, truly deficient and very critical management, with many difficulties that certainly must change because we cannot go on with these numbers.

Published by Marco Perrotta

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