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There's a note saying that they did it. So an auditor would have seen it.

Not sure but I don't know either way how that amounts to fraud. Capital gains and losses aren't cash and any competent analyst knows that.

If nobody has covered it already: the recent Ronaldo contract investigation may be because they recognized the loss during the 2020/2021 year retroactively via a write-down. It's abnormal but I don't know how that's fraud. This seems like a witch hunt - and a waste of tax payer money. I'd be...

We will receive the remaining €325M by year end. I don’t know if it will be spent immediately. The plan is for it to be used to invest in the club as part of its growth plan that ends in 2024. So I would expect the portion of €400M used for transfers to be spent by the then. Sent from my...

It’s pretty high. Good thing FFP is dead which makes it matter less. It’s still about €200M and deals like Arthur’s haven’t exactly helped. This falls to €170M next year with Ronaldo gone. Sent from my iPhone using Tapatalk

The large drop in revenues is a bit complicated - yes part of it was due to match day revenues those fell from €49M to €7M. Usually those are €70M+. But those are mostly offset by the fact that we played more games last year in the late summer, which is basically a wash… So why did revenues...

Yeah, they def won’t. At minimum, they have a €175M bond due in 2024 that they literally can’t pay off until then. The rest are likely more discretionary as they’re credit facilities. But realistically they probably just refinance the bond then. That’s what most companies do.

Exactly. Sent from my iPhone using Tapatalk

Not even close. After the equity issuance, our net debt will be effectively 0. Barcelona doesn’t have a sugar daddy to plug the losses. Sent from my iPhone using Tapatalk

It doesn’t matter if you inject money or not. A loss is a loss. You can lose €500M, inject €500M, you still will have a loss because a capital injection isn’t revenue. But in terms of this loss, it’s backward looking. Next years numbers will be better - probably a slight loss. I and then perhaps...

It has to be. Mbappe would be on a free. And Haaland for a moderate transfer fee. Ronaldo makes €54M gross, €31M net. My understanding is that he did not benefit from the brain drain tax regime because it was introduced a year after he joined. As a reminder that’s the decree that means that only...

Juventus will be using those banks to underwrite a rights offering of new juventus shares publicly. This will be done in the fall and Exor will subscribe to a prorata share of ownership ~64%. So essentially, juventus will be raising money via the public markets but most of the money will be...

Disagree. If it had said “pandemic losses for 2021-2022”, I’d have been less optimistic but because they’re including 2019-2022 and we know that the previous capital injection meant for growth was used to deal with pandemic losses, some of this new capital should be allocated to what the...

Yes but we had previously raised €300M to invest in growth. That all went to pandemic. It estimates the pandemic impact at €320M from 2019-2022. So now we’re raising an additional €400M. Crudely €80M of the new money should be free + the original €300M so ~€380M for “investment”. Maybe €380M...

Massive €400M in new capital. That means business. Sent from my iPhone using Tapatalk

Yeah, it’s definitely been included there because of the serious hit covid created. And as for mercato options: I figure there will be a lot of financial engineering, swaps, things like that. There probably won’t be big purchases without big sales. Sent from my iPhone using Tapatalk

I wouldn’t panic over this. This is just an accounting thing for the financial statements. If solvency is in question they cannot include a going concern assumption. Essentially, this is just listing a kitchen sink of liquidity options that juventus has at its disposal to stay solvent if...

So it eats 70M of the massive equity issuance form December...juventus should still be much better off than other teams Sent from my iPhone using Tapatalk

Yep. 2 fewer home games. https://www.juventus.com/media/native/investor-relations-docs/comunicato%2021022020%20semestrale%20eng.pdf

Totally. That’s often a reason provided in the report on the investor website. Sent from my iPhone using Tapatalk