Juventus tighten their belts Thursday 12 May, 2005
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Juventus President Franzo Grande Stevens claims they must sell players before they can splash out on the transfer market this summer.
"We do not have enough money at our disposal," he said after a meeting of the Board of Directors. "Before buying any new players, we must first sell. Failing that, we'll build a fire with the wood we have now."
The statement also came after Parma revealed that Juventus, Inter and Milan were all in the running for Alberto Gilardino's signature with a £34m price-tag.
The Turin giants have been tightening their belts for a couple of years now and also took the same steps in the close season.
In order to bring in Zlatan Ibrahimovic, they sold off half of Fabrizio Miccoli, Giorgio Chiellini and Enzo Maresca to Fiorentina, while Marco Di Vaio went to Valencia.
This suggests that Grande Stevens was by no means ruling out a move for Gilardino, as they could raise the money by selling David Trezeguet.
The Frenchman has long been linked with both Barcelona and Arsenal, with strong reports that this will be his last season in a Juventus jersey.
There are other options, as Coach Fabio Capello would rather bring in reinforcements in midfield and defence, where there are few real alternatives to Fabio Cannavaro, Pavel Nedved and Mauro Camoranesi.
Juve's financial situation is already an improvement on last year, as the Board of Directors announced that revenue for the first nine months of the 2004-05 financial year was £113.79m, an increase of 9.8% on last year.
The club's expenditure was £91.76m, an increase of 6.6% in the corresponding period, so the net result is a negative of £3.89m – an improvement on the £11.76m from last season
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Juventus President Franzo Grande Stevens claims they must sell players before they can splash out on the transfer market this summer.
"We do not have enough money at our disposal," he said after a meeting of the Board of Directors. "Before buying any new players, we must first sell. Failing that, we'll build a fire with the wood we have now."
The statement also came after Parma revealed that Juventus, Inter and Milan were all in the running for Alberto Gilardino's signature with a £34m price-tag.
The Turin giants have been tightening their belts for a couple of years now and also took the same steps in the close season.
In order to bring in Zlatan Ibrahimovic, they sold off half of Fabrizio Miccoli, Giorgio Chiellini and Enzo Maresca to Fiorentina, while Marco Di Vaio went to Valencia.
This suggests that Grande Stevens was by no means ruling out a move for Gilardino, as they could raise the money by selling David Trezeguet.
The Frenchman has long been linked with both Barcelona and Arsenal, with strong reports that this will be his last season in a Juventus jersey.
There are other options, as Coach Fabio Capello would rather bring in reinforcements in midfield and defence, where there are few real alternatives to Fabio Cannavaro, Pavel Nedved and Mauro Camoranesi.
Juve's financial situation is already an improvement on last year, as the Board of Directors announced that revenue for the first nine months of the 2004-05 financial year was £113.79m, an increase of 9.8% on last year.
The club's expenditure was £91.76m, an increase of 6.6% in the corresponding period, so the net result is a negative of £3.89m – an improvement on the £11.76m from last season
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