I asked this on another thread. What does this mean?
“Prior to 2015, licensing and retail activities were not managed directly bytheJuventus Football Club,” explains Montesion. “In thetwo years since, we have substantially revised our licensee portfolio, consolidating firstly our market in Italy, andthenoverhauling ourinternational development program. Now we are coveringnearly every productcategory, and counting more than 100 licensees worldwide. Juventus is now poised to delve into an even wider brand licensing program including a range of product categories. We aim to give a wider, deep and transversal meaning, seeking new targets and looking for new distribution channels.”
https://www.licenseglobal.com/sports...-opportunities
Before 2015 neither retail says nor licensing were managed by Juventus. Presumably Adidas did it all (for 6M Eur per year). Basically if there was a party interested in licensing the Juventus brand, they would go through Adidas. Now Juventus is responsible for it. They sell their products directly, and are responsible for licensing their brand to interested parties (ie: if someone wants to sell a shirt that says Juventus on it).
There are a few things that I'm not of now.
1) I think we know that 41,000 jerseys are confirmed sold on the annual report (we just don't know if it only includes stuff sold via Juventus stores)
2) Beyond that would be licensing of products or jerseys sold through other channels
3) There is also royalty payments from Adidas beyond certain levels of sales. (I thought those would be under Sales of Products on the income statements, but it could also be under sponsorship as well)