Adjusted Financial Statement for 2005/2006 (1 Viewer)

[ReBeL]

In the financial statements which were approved today by the board of directors, I had to gather the next notes:

1- These statements are adjustments for those approved on 11th August 2006 because of the loss risks and other negative effects from its relegation to Serie B...

2- This won't be official before being approved by shareholders on Oct 26...

3- The loss for 2005/2006 is 36.5 million euro which is much higher than it for the season 2004/2005 which was only 3 million euro (And higher than the 11 August loss which was 21.6 million euro)...

4- Revenues have increased this season by around 10%, but the operating costs also increased by a similar ratio...

5- By analysing our revenues, we see that our resources are:
*- Tv, Radio and telephone rights
*- Sponsorship Contracts
*- Ticket Sales: It kept decreasing sadly by around 25% in the last season...
*- Other Revenues: Option rights granted by Mediaset for 2009/2010 season & selling the archive rights to RAI...

6- A shocking result I got is that our revenues from the Champions League were more than our revenues from our ticket sales

7- The increase of the loss was the result of the changes to preliminary results, announced in Aug, include loss provisions for changes to sponsorship deal leading to an increase in the risk fund of 12.6 mln euro, and in tax provisions, Juventus said.

8- The loss will be covered from the Retained Profits Reserve and the Shares Premium Reserve and the Tresury stocks...

9- Juventus has raised 49.1 mln euro from player sales, and invested 7.8 mln in new players during the first transfer phase in July and August.

10- There could be further player deals in the second phase for transfers in January and these could affect the results, it said.

11- Our sponsorship contract with Tamoil was suspended, and it is stil ebing renegotiated now...

12- 2006/2007 results will not include 22 mln euro revenues in the previous year from European Champions League, it said, adding cuts have been made in player salaries.

13- The club started to use the cost reduction method by decreasing the wages and selling some key players...

 

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[Turk_Bianconero]

so

We have money for big transfers?

 

[Geof]

Well we lost 36,5M Euro. Don't expect big transfers, but it's not that bad. could have been much worse

 

[giovanotti]

Something tells me that the loss is much higher,than 36,5 Mil Euros.

 

[ReBeL]

Well we lost 36,5M Euro. Don't expect big transfers, but it's not that bad. could have been much worse

Exactly...

The only thing that we have to wait is the result of our negotiations with Tamoil...

 

[Geof]

well not for the 2005-2006, but if you look on the long term, of course it is much higher

 

[giovanotti]

well not for the 2005-2006, but if you look on the long term, of course it is much higher

Indeed,I mean it is true that we sold our 7 players and earned approximately 90 mil Euros + their wages(around 26 mil Euros/year),but TV rights and sponsor deals are killing us.

 

[Turk_Bianconero]

We must stay positive

We have heroes already

 

[giovanotti]

We must stay positive

We had already heroes

I am positive,I hope that all the heroes will remain in Juve!!!

 

[AlexTheGreat]

if we have a boss like moratti or beluska, no one will give a shit of how much money wo gonna lose.

poor elkan

 

[Jun-hide]

so

We have money for big transfers?

Transfer deals are made on the basis of returns investment generate. Whether we have the actual cash or not is not a matter concern. As long as the future transfer brings in more money via competition prize money, TV deals, sponsorship etc, than the interest payment we have pay for burrowing the money there should be no problems.

The important point to note is that, Juve simply because of its stature and the lack of quality players compared to the teams of similar reputation, quite easily generate highest return from these high profile transfers. In another words, an introduction of quality players such as Barzagli, Mascherano, Anderson, Daniel Alves, Kone would improve team performances far more than say Milan, Chelski or Real who are already filled with top quality players.

So yes, we will have money for big transfers for the upcoming summer. I don't think management is going to spend big in January IMO. They would mad if that was the case. Deschamp is not a shy deal maker and he will bring in some quality enforcements for immediate challenge for lo Scudetto.

I have couple of players in my mind that makes sense for Juve, but I better leave that to Mark who are simply the master at this kind of things.

 

[ReBeL]

According to one of the Italian sites www.quotidiano.net, Juventus may have lost around 230 million euro out of the breaching of the contract between Juve and Tamoil...

The sponsorship contract was for 102 million over 5 years until June 2010...

Juve had only the first 20.4 million for the first year...

Also, 130 million euro was expected to be the contract extension's price until June 2015...

The current renegotiations are still continuous, and we hope it will lead us to the least losses...

http://qn.quotidiano.net/chan/tuttocalcio:5437168:/2006/09/22:

 

[ReBeL]

Carlyle poised to bid for Tamoil, says son of Gaddafi


US private equity giant Carlyle is in talks to acquire Libya's state-controlled oil refining and marketing operation, Tamoil.

Al-Saadi Gaddafi, the son of Colonel Muammar Gaddafi, the country's long-time leader, said Carlyle was one of four or five groups involved in an international tender to buy 100 per cent of Tamoil. It is thought the business will fetch close to €3bn (£2bn).

Mr Gaddafi added that the other candidates included groups from Poland, Hungary and the United Arab Emirates. In addition, he said the Italian energy group ERG might have "increased their bid a little bit. So maybe they will come back."

Neither ERG nor Carlyle would comment.

Tamoil was acquired by Oilinvest, Libya's foreign oil investment arm, in 1988. It refines, markets and sells the country's oil, and has around 3,000 petrol stations in Italy, Germany, the Netherlands, Switzerland and Spain, with a further 150 in Africa.

The Washington DC-based Carlyle has been known in the past for its links to prominent right-wing US politicians. These include the former US secretary of state James Baker and the former US defense secretary Frank Carlucci, as well as the former British prime minister John Major. None of the men retains positions with the company.

Carlyle, which has concentrated on energy and defence companies, is in the process of raising a new fund. If successful, it will become the world's largest private equity group, ahead of Kohlberg Kravis Roberts, Texas Pacific and Blackstone.

The sale of Tamoil would mark a change of direction for Libya, which has used the business to expand its international downstream operations.

It could also have implications for Juventus, the Italian football club recently relegated to Serie B after a high-profile match-fixing scandal. Tamoil became the club's shirt sponsor last year after agreeing a potential 10-year, €240m deal with Oilinvest.

The sponsorship is one of the most valuable of its kind in Europe, but it remains to be seen whether any new owner of Tamoil would wish to maintain it in the long term. Juventus already faces a probable cut in revenues because of its relegation. Mr Gaddafi confirmed that the club would be asked for a reduction.

However, he cautioned that it was not out of the question that Libya might retain a stake in Tamoil and could change its current plans to sell 100 per cent. Asked when the process would conclude, he replied: "They said they would do it very soon, but I don't know exactly."

Independent

 

[giovanotti]

Forza Mr Gaddafi!!!!!

Hope everything will be ok for him and for us!

 

[sateeh]

things dont look good.One of the main reasons we got the sponsorship is due to the influence of Ghaddafi.
lets wait and see wat happens in that

 

[giovanotti]

things dont look good.One of the main reasons we got the sponsorship is due to the influence of Ghaddafi.
lets wait and see wat happens in that

Indeed,we have strong link with him and Libya.
I hope that Tamoli will remain Ghaddafi's.

 

[ReBeL]

Some more bad news about our financial situation:

According to Il Romanista, Sky decided to get back the amounts of money paid to both Juve & Milan because they were the first two clubs last season...

Now, they will wait until the calciopoli decisions become confirmed next month, then they'll ask Milan and Juve to pay back 5 million each, in order to give them to the fake winners: Inter and Roma...

 

[giovanotti]

Some more bad news about our financial situation:

According to Il Romanista, Sky decided to get back the amounts of money paid to both Juve & Milan because they were the first two clubs last season...

Now, they will wait until the calciopoli decisions become confirmed next month, then they'll ask Milan and Juve to pay back 5 million each, in order to give them to the fake winners: Inter and Roma...

Whaaaaaatttt?????

Misery comes to misery.

 

[Turk_Bianconero]

We know

inter is thief

 

[el_02]

We know

inter is thief

yes indeed!