The Financial Situation (28 Viewers)

[Cerval]

We are almost forced to root against Atalanta for the return leg for the sake of our finance. The way we do things at the moment doesn't strike me as sustainable.

 

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[X Æ A-12]

at least we know Nipples will get spanked by Barca

 

[Snobist]

We are almost forced to root against Atalanta for the return leg for the sake of our finance. The way we do things at the moment doesn't strike me as sustainable.

Id never do that. Hope they go as far as possible. No one forced us to give mediocre players huge salaries.

 

[Vlad]

half-yearly financial data show that we're lacking a lot of tv and commercial revenue compared to last year, and due to the overly large squad and some new contracts, the operational costs have risen. we paid 30m more to players compared to last season, and an other 10m more to agents. 8m less in revenue, 34m more in operational costs, and you have a half-yearly loss of 50m instead of the 7m profit from last year.

Revenues will prolly remain around the same level as last year, unless we make deeper CL run. Wage bill is worrying though and this has been pointed out countless of times, compared to other top clubs Juve has the highest salary vs revenue ratio. Almost as we lost any kind of control over expenses. I wonder how Juve's monthly internal reports look like, because they contain more useful information than what they present to public.

 

[Fab Fragment]

How much money have we saved in salaries with the sales of Can, Perin, manbro, etc

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How much do we have to pay to long term injury cases- doesn’t disability insurance pick up the tab to some extent after a certain period of time?

 

[duranfj]

We kept a bunch of players in our payroll and they went out just now. I have to admit I was expecting a little growth in certain marketing and commercial incomes

 

[Buck Fuddy]

half-yearly financial data show that we're lacking a lot of tv and commercial revenue compared to last year, and due to the overly large squad and some new contracts, the operational costs have risen. we paid 30m more to players compared to last season, and an other 10m more to agents. 8m less in revenue, 34m more in operational costs, and you have a half-yearly loss of 50m instead of the 7m profit from last year.

Let's get this straight:
- The club keeps on increasing ticket prices, up to insane levels, to get more money. Result: 4% decrease in ticket income.
- The club puts lot of focus on "building the brand" & even decides to get rid of the striped shirts in order to sell more merchandise. Result: 24% decrease in merchandise income.

I'm gonna have to quote myself.

This club just loves shooting itself in the foot

 

[italiacalcio10]

Let's get this straight:
- The club keeps on increasing ticket prices, up to insane levels, to get more money. Result: 4% decrease in ticket income.
- The club puts lot of focus on "building the brand" & even decides to get rid of the striped shirts in order to sell more merchandise. Result: 24% decrease in merchandise income.

I'm gonna have to quote myself.

A bunch of people bought Ronaldo jerseys. Not surprising the second year, there is a drop. On tickets, I’d need to read the report’s explanation


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[s4tch]

A bunch of people bought Ronaldo jerseys. Not surprising the second year, there is a drop. On tickets, I’d need to read the report’s explanation


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or just compare the number of home matches last season and now. i didn't check, but it might explain the difference.

 

[italiacalcio10]

or just compare the number of home matches last season and now. i didn't check, but it might explain the difference.

Totally. That’s often a reason provided in the report on the investor website.


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[Ronn]

or just compare the number of home matches last season and now. i didn't check, but it might explain the difference.

Also we haven’t played big boys at home. I doubt the stadium gets sold out for SPAL and Brescia

 

[italiacalcio10]

Yep. 2 fewer home games.

https://www.juventus.com/media/native/investor-relations-docs/comunicato 21022020 semestrale eng.pdf

 

[j0ker]

How much do we save from Can and Madzukic?

 

[s4tch]

How much do we save from Can and Madzukic?

they got 11m net, around 19m gross combined.

 

[Bianconero81]

I'm sure Tootsie's counterpart in the finance department has a handle on affairs, or does he?

Let's hope we don't have to sell any impactful players (I'm sure we can survive if we sacrifice the likes of Kebab Sr. Costa, Blaised and Confused, Rugani, and even one of Rabiot/Ramsey).

 

[s4tch]

that 50m half-yearly loss wasn't expected by the investors:


the stock crashed this morning and it got suspended.

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this is one long thread about city's ffp issues, with some added info about other clubs, juve included:


twitter is probably the worst format for long content, but it's worth reading. just two highlights, one about serie a's shirt sponsorship, the other about the debt of some clubs.

 

[Buck Fuddy]

that 50m half-yearly loss wasn't expected by the investors

I would think a loss was to be expected, just not such a big one.
The situation is pretty serious, obviously, but not impossible to solve.

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Edit: As far as the stock is concerned: The Milan Exchange took a big hit in general this morning (because of the Corona virus).

 

[s4tch]

I would think a loss was to be expected, just not such a big one.
The situation is pretty serious, obviously, but not impossible to solve.

i'm not too worried about debt. there's a tweet in that thread about the interests some clubs pay, and juve's immense debt is not that expensive to finance. it's certainly sustainable. the loss itself, well, that's an other thing. we'll see the whole picture at the end of the year, but i find alarming that both emre can and mandzukic were to be sold even during the summer, yet paratici failed to offload them, damaging the budget with ~20m. i get that pjaca and perin were injured back then, but being unable to sell two healthy, marketable, experienced players and/or failing to convince the players to leave during the mercato the club wants them to leave is simply unacceptable. while i'm fine with debt, doubling szczesny's salary, paying 6m to khedira, keeping an unnecessary huge squad and in general, inflated wages is not a sustainable policy.

 

[Buck Fuddy]

i'm not too worried about debt. there's a tweet in that thread about the interests some clubs pay, and juve's immense debt is not that expensive to finance. it's certainly sustainable. the loss itself, well, that's an other thing. we'll see the whole picture at the end of the year, but i find alarming that both emre can and mandzukic were to be sold even during the summer, yet paratici failed to offload them, damaging the budget with ~20m. i get that pjaca and perin were injured back then, but being unable to sell two healthy, marketable, experienced players and/or failing to convince the players to leave during the mercato the club wants them to leave is simply unacceptable. while i'm fine with debt, doubling szczesny's salary, paying 6m to khedira, keeping an unnecessary huge squad and in general, inflated wages is not a sustainable policy.

That is obviously true. Our current wage structure is far from sustainable (I'd say it's close to a disaster even), but at the same time your wage structure isn't that difficult to "fix" when/if necessary.

 

[j0ker]

Higuain, Costa, Pjanic, Khedira should leave at any cost.