The Financial Situation (96 Viewers)

[s4tch]

"Therefore, the first half of the 2020/2021 financial year closed with a loss of € 113.7 million, compared to a loss of € 50.3 million in the first half of the previous financial year."

That's the final answer to the question "why Pirlo?"

just had some time to run through the statement. this is on the 5th page:

In evaluating the business outlook, uncertainties persist that are typical of football activities, deriving in particular from the First Team’s performance in competitions in which it plays, additional transfers of players' registration rights that may take place during the year, the revenues evolution deriving from commercial activities, and the trend in the cost for registered personnel, also taking into account the variable component of the agreed remuneration.

Despite the difficult general economic and financial context, the directors have determined that there are no significant uncertainties with reference to the use of the going concern assumption. In developing this conclusion, it has been taken into consideration both the Group's capitalisation (at 31 December 2020 the Group shareholders' equity amounted to € 125.5 million) and the ability to meet its financial commitments through the liquidity obtained from medium-term loans and/or using available bank credit facilities. In addition, without prejudice to the continuation of business activities - despite a context influenced by reduced liquidity in the system as a result of the protracted crisis - Juventus could dispose of players' registration rights.

it's gonna be a long and fun summer.

 

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[Oggy]

clubs make 10 times more money than us have their benches full of youth players for a reason. promoting youth players to first team became an obligation.

with da graca, dragusin, fagioli, correria and pellegrini we already have a decent group. these players must become a part of first team.

The good thing is the introduction of Juventus B and promoting youth. All we now need is better scouting and to give these players an opportunity, which we kinda already doing with Fabrotta, Dragusin and now Fagioli.

Also, fans need to be patient and stop expecting that every youngster will explode like Pogba etc.

 

[Akshen]

clubs make 10 times more money than us have their benches full of youth players for a reason. promoting youth players to first team became an obligation.

with da graca, dragusin, fagioli, correria and pellegrini we already have a decent group. these players must become a part of first team.

Tell that to Pirlo because he thinks we cant put too much pressure on this guys...

just had some time to run through the statement. this is on the 5th page:

In evaluating the business outlook, uncertainties persist that are typical of football activities, deriving in particular from the First Team’s performance in competitions in which it plays, additional transfers of players' registration rights that may take place during the year, the revenues evolution deriving from commercial activities, and the trend in the cost for registered personnel, also taking into account the variable component of the agreed remuneration.

Despite the difficult general economic and financial context, the directors have determined that there are no significant uncertainties with reference to the use of the going concern assumption. In developing this conclusion, it has been taken into consideration both the Group's capitalisation (at 31 December 2020 the Group shareholders' equity amounted to € 125.5 million) and the ability to meet its financial commitments through the liquidity obtained from medium-term loans and/or using available bank credit facilities. In addition, without prejudice to the continuation of business activities - despite a context influenced by reduced liquidity in the system as a result of the protracted crisis - Juventus could dispose of players' registration rights.

it's gonna be a long and fun summer.

I guess we can assume now that Dybala will be sold. Others players wont give us the plusvalenza we need.

 

[s4tch]

I guess we can assume now that Dybala will be sold. Others players wont give us the plusvalenza we need.

we have multiple players on relatively low book values and comparatively high market values:
- dybala (book value last summer was 11m, should be around ~5,5m this summer)
- demiral (~12m)
- alex sandro (~5m)
- rabiot, ramsey (estimated book value this summer: well below 2m for either)
- tek (~3,5m)
- rugani (below 1m)
- de sciglio (~3m)

not to mention the u23 boiz like rafia (~200k maybe?) or frabotta (easily below 2m)

even ronaldo is worth much more than ~30m, his projected book value at the end of june 2021.

most of these players' salaries will be an issue though. it would be hard to find clubs who'd pay 2m net for mds, 6m for sandro, 7-7m for ramsey and rabiot, or 6,5m for szczesny. most of these guys should agree a pay cut first.

very sorry to say, but demiral looks like an obvious and very very easy sale in a similar situation. low salary for his qualities (1,8m), high market value, high plusvalenza. i'd love to keep him, but i can't see the club keeping at this point. what a bummer, he's going to be a solution for the eventual buyer for the next 10 years. let's hope dragusin delivers.

also too bad we all but sold romero for chips.

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okay, gonna give credit to him for being honest at least

 

[LiquidPLP]

we have multiple players on relatively low book values and comparatively high market values:
- dybala (book value last summer was 11m, should be around ~5,5m this summer)
- demiral (~12m)
- alex sandro (~5m)
- rabiot, ramsey (estimated book value this summer: well below 2m for either)
- tek (~3,5m)
- rugani (below 1m)
- de sciglio (~3m)

not to mention the u23 boiz like rafia (~200k maybe?) or frabotta (easily below 2m)

even ronaldo is worth much more than ~30m, his projected book value at the end of june 2021.

most of these players' salaries will be an issue though. it would be hard to find clubs who'd pay 2m net for mds, 6m for sandro, 7-7m for ramsey and rabiot, or 6,5m for szczesny. most of these guys should agree a pay cut first.

very sorry to say, but demiral looks like an obvious and very very easy sale in a similar situation. low salary for his qualities (1,8m), high market value, high plusvalenza. i'd love to keep him, but i can't see the club keeping at this point. what a bummer, he's going to be a solution for the eventual buyer for the next 10 years. let's hope dragusin delivers.

also too bad we all but sold romero for chips.

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okay, gonna give credit to him for being honest at least

IMO Demiral won't be sold so easily, as you mentioned, he's cheap wages-wise and at the same time a starter material, Juve definitely need to keep on hold players like him.

My obvious choices for plusvalenza are Dybala and Rabiot.

Rugani, MDS and DC will be offloaded at all costs, even if they don't bring any decent profit, getting rid of their salaries will help tremendously. Perin and Pjaca are in the queue too.

 

[Gigiventus]

Tell that to Pirlo because he thinks we cant put too much pressure on this guys...

Pirlo is playing more youth players than anyone else at Juve in recent memory. Of course he coincided with the growth of our U23 team, but it's not like we can fault him here.

 

[.zero]

Daisies and daffodils

 

[ilmetronome]

Its easy to see who give the best plusvalenza, players like Dybala, Sandro etc. but who is gonna buy them for amount which would be okay for us in current situation? All clubs face the same problems, its not only Juve.
We will do Pjanic type of deals, would expect this with Dybala (contract extension and then big swap) and more more player. It will give us plusvalenza, so we can survive until fans come back to the stadium. And If I had to guess, then I wouldnt be suprised if we do Dybala - Griezmann swap deal with Barca, with both valued at something around 80m.
The other big plusvalenza is Sandro.

That's what i though regarding dybala
The ideal would be dybala pogba swap, but maybe united doesn't really need a striker
Except they need plusvalenza too, it should be something to be considered by them

 

[U Picciriddu]

we have multiple players on relatively low book values and comparatively high market values:
- dybala (book value last summer was 11m, should be around ~5,5m this summer)
- demiral (~12m)
- alex sandro (~5m)
- rabiot, ramsey (estimated book value this summer: well below 2m for either)
- tek (~3,5m)
- rugani (below 1m)
- de sciglio (~3m)

not to mention the u23 boiz like rafia (~200k maybe?) or frabotta (easily below 2m)

even ronaldo is worth much more than ~30m, his projected book value at the end of june 2021.

most of these players' salaries will be an issue though. it would be hard to find clubs who'd pay 2m net for mds, 6m for sandro, 7-7m for ramsey and rabiot, or 6,5m for szczesny. most of these guys should agree a pay cut first.

very sorry to say, but demiral looks like an obvious and very very easy sale in a similar situation. low salary for his qualities (1,8m), high market value, high plusvalenza. i'd love to keep him, but i can't see the club keeping at this point. what a bummer, he's going to be a solution for the eventual buyer for the next 10 years. let's hope dragusin delivers.

also too bad we all but sold romero for chips.

- - - Updated - - -


okay, gonna give credit to him for being honest at least

Our situation won’t be any different compared to other clubs, as revenues remain low due to the covid crisis. I was hoping to see the impact of having lower salaries but it’s obvious that it isn’t enough.

Just like last summer it will probably be very difficult to sell players and we have a lot of them.

It will be the same struggle as last year with loans and difficult constructions. The obvious names (Berna, Costa, Ramsey) are probably on top of the list.

To bad that so many things happened and went in the wrong way in a difficult moment. Still paying Sarri, disappointment last year against Lyon (it’s something that costs a lot), again a shitty tv deal, players refusing to go away, etc. Hopefully we survive Porto.

 

[s4tch]

Our situation won’t be any different compared to other clubs, as revenues remain low due to the covid crisis....

yeah, it's obviously hitting the whole football world very hard, but some clubs like chelsea, psg or city don't really seem to be affected. the same goes for a couple of other pl clubs too (just check everton's last summer), and since the uk is going stronger than the eu when it comes to vaccination, they might reopen stadiums much earlier, and the difference in next year's revenues will be even bigger than usual.

 

[Karim30]

Dream scenario then would be PL clubs buying Rabiot, Ramsey and Costa for huge sums+Buy Aouar for 60m (50+MDS)+Get Locatelli on loan with obligation to buy.

 

[JuveMkd]

Dream scenario then would be PL clubs buying Rabiot, Ramsey and Costa for huge sums+Buy Aouar for 60m (50+MDS)+Get Locatelli on loan with obligation to buy.

There is a reason you called it dream scenario

 

[Quetzalcoatl]

just had some time to run through the statement. this is on the 5th page:

In evaluating the business outlook, uncertainties persist that are typical of football activities, deriving in particular from the First Team’s performance in competitions in which it plays, additional transfers of players' registration rights that may take place during the year, the revenues evolution deriving from commercial activities, and the trend in the cost for registered personnel, also taking into account the variable component of the agreed remuneration.

Despite the difficult general economic and financial context, the directors have determined that there are no significant uncertainties with reference to the use of the going concern assumption. In developing this conclusion, it has been taken into consideration both the Group's capitalisation (at 31 December 2020 the Group shareholders' equity amounted to € 125.5 million) and the ability to meet its financial commitments through the liquidity obtained from medium-term loans and/or using available bank credit facilities. In addition, without prejudice to the continuation of business activities - despite a context influenced by reduced liquidity in the system as a result of the protracted crisis - Juventus could dispose of players' registration rights.

it's gonna be a long and fun summer.

Was the 300M capital injection accounted for in the statement of the last financial year or was it the year before?

But the real question is, what would be our situation now if it weren't for that injection?

Are we a long way off of the path of sustainability that we were heading along all these years?

 

[italiacalcio10]

just had some time to run through the statement. this is on the 5th page:

In evaluating the business outlook, uncertainties persist that are typical of football activities, deriving in particular from the First Team’s performance in competitions in which it plays, additional transfers of players' registration rights that may take place during the year, the revenues evolution deriving from commercial activities, and the trend in the cost for registered personnel, also taking into account the variable component of the agreed remuneration.

Despite the difficult general economic and financial context, the directors have determined that there are no significant uncertainties with reference to the use of the going concern assumption. In developing this conclusion, it has been taken into consideration both the Group's capitalisation (at 31 December 2020 the Group shareholders' equity amounted to € 125.5 million) and the ability to meet its financial commitments through the liquidity obtained from medium-term loans and/or using available bank credit facilities. In addition, without prejudice to the continuation of business activities - despite a context influenced by reduced liquidity in the system as a result of the protracted crisis - Juventus could dispose of players' registration rights.

it's gonna be a long and fun summer.

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 necessary.


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[s4tch]

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 necessary.

exactly, but it was not mentioned before in previous years' reports

what's your take on our next mercato options?

 

[italiacalcio10]

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.


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[vodka]

Whatever that means to Juve's finances:

 

[Elvin]

Whatever that means to Juve's finances:

Not surprosed, they're trying to make a fashion brand too.

 

[AFL_ITALIA]

It has nothing to do with us and no effect on us.

 

[lgorTudor]

Not surprosed, they're trying to make a fashion brand too.

they should start with chokers then